Who are UKAR?
UK Asset Resolution Limited (UKAR) was established by the Government in October 2010 to manage the mortgage books of NRAM and Bradford & Bingley when they closed to new business. UKAR’s mission is to maximise value for the taxpayer by repaying the £48.7bn of government loan, whilst serving our customers well and treating all our stakeholders fairly.
In June 2016 we outsourced our mortgage servicing operation – the part of our business that provides day-to-day support to our customers – to Computershare Mortgage Services (CMS). At this point, around 1700 colleagues transferred to CMS.
UKAR now comprises approximately 200 colleagues based mainly in West Yorkshire with a small presence in the North East and Central London. UKAR is responsible for the oversight of the mortgage servicing operations, ensuring all our customers continue to receive good service and support as required. In addition our role is to maximise value for taxpayers through optimising the balance sheet and our goal is to repay the Government loan in full.
UKAR is a unique business and offers interesting rewarding and challenging opportunities for colleagues.
Separately, our subsidiary business, UKAR Corporate Services Limited (UKARcs), is responsible for the administration of the Government’s Help to Buy Mortgage Guarantee Scheme and Help to Buy ISA on behalf of HM Treasury.