Bradford & Bingley - UK Asset Resolution

Bradford & Bingley and Mortgage Express:

In September 2008 all Bradford & Bingley’s (B&B) retail deposits were transferred to Abbey, part of the Santander Group. The rest of the business, including B&B’s subsidiary Mortgage Express (MX), the mortgage operation and headquarters were taken into public ownership.
The retail deposits were covered by the £15.65bn Financial Services Compensation Scheme (FSCS) Loan and the Government provided a further £11.32bn of funding.
UK Asset Resolution Ltd (UKAR) became the holding company for B&B in 2010.
By 2018 the FSCS loan had been repaid in full, and by May 2019 the taxpayers’ £11.32bn interest in B&B had been repaid in full.
In October 2021, B&B was returned to the private sector.
On 10 December 2025, B&B (and its subsidiary, MX) were put into liquidation by their private sector owners.

If you were previously a customer of B&B or MX, these companies are not owned by UKAR and their owner has now put them into a Members’ Voluntary Liquidation. For an appropriate length of time, expected to be not less than two years, UKAR has agreed to handle certain queries and complaints in place of the relevant company in liquidation.

Further details regarding who to contact regarding any queries or complaints relating to your former B&B or MX account, are in the Options for former customers of NRAM, B&B and MX section of our website.