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UKAR sells mortgage portfolio for £2.7bn
UK Financial Investments Limited (“UKFI”) today announces that following a competitive sales process, UK Asset Resolution (“UKAR”) has agreed to sell a portfolio of mortgages for a price of approximately £2.7bn. This sale forms part of UKAR’s activity to reduce the size of the closed mortgage books of B&B and NRAM in a way that delivers value for taxpayers. download [218,7 KB]
Sale of Tier 1 Notes to Virgin Money
UK Financial Investments Limited (UKFI), acting on behalf of HM Treasury, today announces the sale of its holding of Tier 1 notes issued by Virgin Money download [72,4 KB]