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<p>UK Asset Resolution Limited (UKAR) is the holding company established to facilitate the orderly management of the closed mortgage books of</p><p><?notus-xml column=220?></p><p>both Bradford and Bingley (B&B) and Northern Rock Asset Management (NRAM) at arm's length from Government on commercial principles. The Government's interest in UKAR is managed by UK Financial Investments.</p><p>UKAR will only appoint a Law of Property Act (LPA) receiver where a buy to let landlord is in arrears and has been unable to come to an acceptable and fair arrangement to recover the position. LPA's, once appointed, are engaged to act in the best interest of the customer and determine a fair sell or hold strategy independently from UKAR. Where tenants are in a property with a valid agreement, the term of the tenancy will be honoured. In cases where the mortgage can be returned to performing, receivership can be terminated and the property returned to the management of the borrower.</p><p>The data requested in (a) and (b) is set out in table 1 following. UKAR does not hold data on (c) and (d) in the requested format.</p><p><table><thead><tr><td valign="top">Table1<br /></td></tr><tr><td valign="top">Region<br /></td><td valign="top">2009<br /></td><td valign="top">2010<br /></td><td valign="top">2011<br /></td><td valign="top">2012<br /></td><td valign="top">2013<br /></td></tr></thead><tbody><tr><td valign="top">Northern<br /></td><td valign="top">224<br /></td><td valign="top">141<br /></td><td valign="top">117<br /></td><td valign="top">177<br /></td><td valign="top">49<br /></td></tr><tr><td valign="top">YorkshireandHumberside<br /></td><td valign="top">212<br /></td><td valign="top">96<br /></td><td valign="top">102<br /></td><td valign="top">160<br /></td><td valign="top">93<br /></td></tr><tr><td valign="top">NorthWest<br /></td><td valign="top">756<br /></td><td valign="top">209<br /></td><td valign="top">295<br /></td><td valign="top">206<br /></td><td valign="top">193<br /></td></tr><tr><td valign="top">EastMidlands<br /></td><td valign="top">136<br /></td><td valign="top">96<br /></td><td valign="top">53<br /></td><td valign="top">119<br /></td><td valign="top">37<br /></td></tr><tr><td valign="top">WestMidlands<br /></td><td valign="top">183<br /></td><td valign="top">92<br /></td><td valign="top">73<br /></td><td valign="top">77<br /></td><td valign="top">34<br /></td></tr><tr><td valign="top">EastAnglia<br /></td><td valign="top">75<br /></td><td valign="top">24<br /></td><td valign="top">17<br /></td><td valign="top">19<br /></td><td valign="top">9<br /></td></tr><tr><td valign="top">SouthWest<br /></td><td valign="top">146<br /></td><td valign="top">58<br /></td><td valign="top">57<br /></td><td valign="top">30<br /></td><td valign="top">25<br /></td></tr><tr><td valign="top">SouthEast<br /></td><td valign="top">481<br /></td><td valign="top">168<br /></td><td valign="top">204<br /></td><td valign="top">264<br /></td><td valign="top">133<br /></td></tr><tr><td valign="top">GreaterLondon<br /></td><td valign="top">370<br /></td><td valign="top">165<br /></td><td valign="top">139<br /></td><td valign="top">117<br /></td><td valign="top">78<br /></td></tr><tr><td valign="top">Wales<br /></td><td valign="top">155<br /></td><td valign="top">112<br /></td><td valign="top">83<br /></td><td valign="top">42<br /></td><td valign="top">91<br /></td></tr><tr><td valign="top">Scotland<br /></td><td valign="top">25<br /></td><td valign="top">5<br /></td><td valign="top">0<br /></td><td valign="top">1<br /></td><td valign="top">2<br /></td></tr><tr><td valign="top">NorthernIreland<br /></td><td valign="top">2<br /></td><td valign="top">3<br /></td><td valign="top">75<br /></td><td valign="top">40<br /></td><td valign="top">12<br /></td></tr><tr><td valign="top">Total<br /></td><td valign="top">2,765<br /></td><td valign="top">1,169<br /></td><td valign="top">1,215<br /></td><td valign="top">1,252<br /></td><td valign="top">756<br /></td></tr></tbody></table></p> |