Richard Burden – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Richard Burden on 2015-12-03.

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.

Harriett Baldwin

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.