31 March 2017
Bradford & Bingley plc (B&B), part of UK Asset Resolution (UKAR), today confirms that following an open and competitive process it has agreed to sell two separate asset portfolios comprising performing buy to let loans for a total of £11.8bn to Prudential plc and to funds managed by Blackstone. Financial completion is expected within the […]
Read more1 March 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. In accordance with the Large and Medium Sized […]
Read more8 November 2016
UKAR BALANCE SHEET REDUCES BY A FURTHER £6.4 BILLION 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’). UKAR’s mission is to maximise value for the taxpayer, whilst serving our customers well and […]
Read more26 July 2016
UK Asset Resolution Ltd (“UKAR”) announces that Richard Pym has today retired from the Boards of UKAR, Bradford & Bingley plc and NRAM Limited. As previously announced, Mr Pym stepped down as Chairman on 5 June on the successful transfer of the Company’s mortgage servicing operations to Computershare Mortgage Services Ltd but had agreed to […]
Read more18 July 2016
UKAR today confirms the final stage of the sale of a £13bn asset portfolio to affiliates of Cerberus Capital Management LP has taken place. Legal title of the mortgages and loans included in the sale have been transferred and all customers affected by the transaction are being contacted by the relevant companies to update them […]
Read more6 June 2016
UKAR today confirms its mortgage servicing operations have been transferred to Computershare. As announced on 24 May, Ian Hares, Finance & Investment Director, becomes CEO of UKAR effective immediately and continues as Executive Director on the UKAR Board. Richard Banks becomes CEO of Computershare Mortgage Services Ltd and steps down as a director and CEO […]
Read more24 May 2016
UK ASSET RESOLUTION LIMITED RESULTS ANNOUNCEMENT UKAR BALANCE SHEET REDUCES BY A FURTHER £23 BILLION 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 […]
Read more3 May 2016
As announced on 13 November 2015 UK Asset Resolution limited (UKAR) agreed to sell a £13bn asset portfolio from the legacy book of NRAM (including £12bn of loans within the Granite securitisation vehicle, plus a further £1bn of non-Granite assets) to affiliates of Cerberus Capital Management LP (Cerberus). On 30 April 2016, assets and liabilities […]
Read more23 March 2016
The Boards of UK Asset Resolution Ltd and Bradford & Bingley plc are pleased to announce the appointment of Brendan McDonagh as a Non-Executive Director with effect from 4 April 2016. Mr McDonagh brings financial management and banking experience to the Board, having spent his career at HSBC and more latterly as Chairman of The […]
Read more1 February 2016
As previously announced UK Asset Resolution Limited (UKAR) has been exploring potential options for the divestment of its mortgage servicing activities in order to ensure continuity of service and long term stability for customers. Following a competitive process we are pleased to announce that we have entered into a period of exclusivity with Computershare. This […]
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