Bradford & Bingley mortgages portfolio sold for £860m
UK Asset Resolution (UKAR), the holding company for Bradford & Bingley and Northern Rock, has sold a portfolio of equity release loans to Rothesay Life for £860m.
This portfolio comprises equity release mortgages from the legacy books of collapsed lenders Bradford & Bingley, Northern Rock and Mortgage Express (MX) and is secured on residential property assets in the UK.
UKAR, the holding company for Bradford & Bingley (B&B) and Northern Rock (NRAM), was established on 1 October 2010 to facilitate the orderly m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...