{"value":{"id":1751378,"askingMemberId":1864,"askingMember":null,"house":"Lords","memberHasInterest":false,"dateTabled":"2024-12-18T00:00:00","dateForAnswer":"2025-01-06T00:00:00","uin":"HL3614","questionText":"To ask His Majesty's Government how many residential mortgages were handled by or on behalf of UK Asset Resolution in each 12-month period beginning with 1 July 2017; for each period what were (1) the number of compulsory repossessions and sales of underlying security; (2) the average surplus or shortfall realised upon sale of a security as a percentage of the stated mortgage acquisition cost; (3) the number of mortgagors against whom action was initiated after a sale to recover a shortfall in proceeds; and (4) the average administrative costs charged to mortgagors in respect of the combined property repossession, forced sale, and debt recovery processes.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":4559,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2025-01-06T00:00:00","answerText":"UK Asset Resolution (UKAR) sold its former subsidiaries (Bradford and Bingley and NRAM, formerly part of Northern Rock) and the remaining mortgage assets of those subsidiaries in 2021. As a result neither UKAR nor HM Treasury can directly access the relevant account level data that is required to answer these questions. This data is owned by UKAR’s former subsidiaries.","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"UK Asset Resolution: Mortgages","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1751378","method":"GET"}]}