UKAR

Question 1

What is UKAR

Answer 1

U.K. Asset resolution

Owned by government

Question 2

What is the UKAR responsible for

Answer 2

Facilitate the orderly management of Bradford and Bingley’s closed mortgage book

And northern rocks asset management mortgage and loan book

Question 3

What is the aim of the UKAR

Answer 3

To maximise the value of such debt for the benefit of uk taxpayers who bailed out both bb and nr

Question 4

Does it deal with customers ?

Answer 4

Not directly

But continues to service their debt with bb and nr

Question 5

What is gradually being reduced

Answer 5

The asset book by loan redemptions, customers finding suitable re mortgaging facilities with other lenders

Question 6

What is the UKAR also responsible for

Answer 6

The administration of the governments help to buy scheme

Question 7

Since formation, the balance sheet has reduced by…

Answer 7

£58.2 billion , more than 50%

And government loan repayments of £14.6billion