UK Asset Resolution Ltd
UK Asset Resolution Ltd (UKAR) is a British financial services holding company with headquarters in the West Yorkshire town of Crossflatts (near Bradford & Bingley's former headquarters in Bingley). It was established in October 2010 to hold the two run-off elements, Bradford & Bingley (including the Mortgage Express brand) and Northern Rock (Asset Management) (NRAM), of the two nationalised banks in the wake of the financial crisis of 2007 and 2008. UKAR manages an asset book in run-off, with the combined entity having a total mortgage book of £77bn (as at 30 June 2011) making it the 5th largest mortgage lender in the UK, although not selling any new business.
UKAR are to leave their Gosforth (Northern Rock/Regent Centre) offices by 2013, and move their remaining staff for Doxford and Bingley.[1]
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