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Written question asked by Richard Burgon (Labour) on Thursday, 3 December 2015, in the House of Commons. It was due for an answer on Tuesday, 8 December 2015 (named day). It was answered by Harriett Baldwin (Conservative) on Tuesday, 8 December 2015 on behalf of the Treasury.


Granite

Question

To ask Mr Chancellor of the Exchequer, what the book value of the portfolio of mortgages sold by Cerberus to TSB, following the sale of UK Asset Resolution's Granite portfolio, was on 13 November 2015.

Answer

Following their acquisition of the Granite portfolio, Cerberus Capital Management LP announced that they have agreed to sell £3.3bn of the assets to TSB Bank plc.


Secondary information

Type
Written question
Reference
18758
Session
2015-16
Subjects
Mortgages Sales TSB Granite UK Asset Resolution Cerberus Capital Management
Contains statistics
Yes
Link
View this Written question on www.parliament.uk