| answer text |
<p>A key consideration in the selection of the successful bidder was the continued
fair treatment of customers. Cerberus was selected following a thorough due diligence
process, and like any buyer, remains subject to the regulatory oversight of the Financial
Conduct Authority; including the requirement of Treating Customers Fairly.</p><br
/><p>Day-to-day management of the assets within the Granite portfolio will remain
with the mortgage servicing arm of UK Asset Resolution, and there will be no changes
to the terms and conditions of the mortgages involved in the transaction.</p>
|
 |
