24 Blog

Providing a diverse offering of market commentary from global, political and macro outlooks.

Show filters Hide filters
TwentyFour Asset Management
TwentyFour Blog

Securitisation Written Out of UKAR Success

Last week UK Asset Resolution (UKAR) announced the sale of its final mortgage loan portfolios, bringing to a close a decade long chapter of state ownership. UKAR was set up in 2010 as a ‘bad bank’ primarily charged with housing mortgage loan portfolios from failed lenders Northern Rock and Bradford & Bingley following the global financial crisis. UKAR had assets of £94.7bn at the outset, and has now repaid in full the £48.7bn we understand was borrowed from taxpayers. It is therefore a significant milestone to come full circle from years of scathing headlines in the popular press to the full return of these assets to private hands.

Read more