UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio

12th May 2016 Consumer Collections |

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio from the legacy book of NRAM (including £12 billion of loans within the Granite securitisation vehicle, plus a further £1billion of non-Granite assets) to Cerberus Capital Management LP.

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In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business

12th May 2016 Consumer Collections |

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business. The company claims it will service three out of every five outsourced UK mortgages (approximately 62%) totalling £73 billion

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