What we do
UKAR, the holding company for Bradford & Bingley plc (B&B) and NRAM Limited, was established on 1 October 2010 to facilitate the orderly management of the closed mortgage books of both B&B and NRAM, to maximise value for taxpayers.
The Executive team of UKAR is focused on achieving this one objective, whilst ensuring that both B&B and NRAM Limited 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 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.
01 Mar 2017
UK Asset Resolution Ltd (“UKAR”) today announces that David Lunn, a Non-Executive Director appointed by UK Financial Investments Ltd (”UKFI”), stepped down on 28 February 2017 from the Boards of UKAR, Bradford & Bingley plc and NRAM Limited to take up a new position within HM Treasury.
UKAR Interim Results Announcement 2016
08 Nov 2016
UK Asset Resolution Limited ('UKAR') which incorporates Bradford & Bingley plc ('B&B') and NRAM Ltd ('NRAM') today issues its interim results for the six months ended 30 September 2016 ('H1 2016/17').
Key corporate information about UKAR for media and stakeholders.
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