Slaughter and May is advising UK Asset Resolution Limited and Bradford & Bingley plc in relation to the disposal of legacy owner occupied and buy-to-let mortgage assets to an investor group led by Barclays Bank PLC

Slaughter and May is advising UK Asset Resolution Limited (UKAR) and Bradford & Bingley plc (B&B), working closely with the UKAR legal team, HM Treasury and Treasury Legal Advisers in relation to the disposal, by way of auction, of legacy owner occupied and buy-to-let mortgage assets originated by B&B, its subsidiary, Mortgage Express, GMAC-RFC Limited, Kensington Mortgage Company Limited and Close Brothers Limited to an investor group led by Barclays Bank PLC for a total consideration of £5.3bn.