What we do
UKAR was established in 2010 to facilitate the orderly management of the closed mortgage books of B&B and NRAM plc, formerly Northern Rock plc, to maximise value for taxpayers.
The Executive team of UKAR is focused on achieving this on objective, whilst ensuring that both B&B and NRAM No.1 continue to treat customers fairly, deliver consistently high levels of service and support those customers who are facing financial difficulty.
In addition, from 8 October 2013, UKAR Corporate Services (UKARcs) became responsible for the day to day administration of the Government's Help To Buy Mortgage Guarantee Scheme on behalf of HM Treasury.
On 1 December 2015 UKARcs also became responsible for the administration of the Government's Help to Buy ISA Scheme on behalf of HM Treasury.
How we work
UKAR is not authorised or regulated by the Financial Conduct Authority (FCA). UKAR does not deal with customers directly, who continue to be serviced through UKAR's subsidiary businesses. Both B&B and NRAM (No. 1) are individually authorised and regulated by the FCA.
UKAR's subsidiary business, UKARcs, operates entirely separately from UKAR's core function of servicing the loan books of B&B and NRAM.
UKAR Annual Report & Accounts 2016
24 May 2016
UK Asset Resolution Limited ('UKAR') today issues its results for the year ended 31 March 2016 (‘2015/16'). UKAR included Bradford & Bingley plc ('B&B') and NRAM plc (‘NRAM’) throughout 2015/16. UKAR's mission is to maximise value for the taxpayer, whilst serving our customers well and treating all our stakeholders fairly.
UK Asset Resolution announces the transfer of its mortgage servicing operations to Computershare
04 May 2016
UKAR announces today that it has signed a contract to transfer the mortgage servicing operations to Computershare.
Key corporate information about UKAR for media and stakeholders.
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