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Tuesday, February 28, 2012

UK Asset Resolution Mismanagement

According to landlords  UK Asset Resolution is mishandling many of the debt ridden property portfolios that were created through the overly gregarious lending of Northern Rock and Bradford and Bingley.

UK Asset Resolution was created by Government to try to manage and recover the £77billion bad mortgages from the banks that they were forced to take control of.

In This is Money article  it describes some of the situations struggling landlords find themselves under UKAR stewardship, including poor management and rent collection, forced selling at below market rates and excessive fees.

Have any other landlords experienced problems with UK Asset Resolution or their agents?

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1 comment:

Edinburgh Flats said...

I like your writing style, its not generic and long and tedious like many web sites I just read, you get to the point and I really enjoyed reading your article!