Computershare has been appointed to undertake mortgage servicing activities for UK Asset Resolution Limited (UKAR) following a tender process.

Around 1,700 UKAR staff based in Crossflatts and Doxford in the north of England will transfer to Computershare as part of the contract, which is expected to commence mid-2016.

“We’re delighted to have signed this contract today, and to be welcoming UKAR staff to the company this summer”, said Naz Sarkar, CEO of Computershare in the UK.

“We’re especially pleased to benefit from the wealth of knowledge and expertise that UKAR has in the mortgage servicing industry, backed up by their exceptional debt management and customer service capabilities.”