TSB has completed legal transfer of former Northern Rock mortgages and loans from UKAR to Whistletree.
Whistletree, a trading name of TSB Bank plc, has been purpose-built to provide customers with a safe and secure home for their mortgage or loan.
Padraig Carton, customer service operations director, said: “We are delighted to welcome these customers to Whistletree from today. Whistletree will provide a secure, long-term home for these mortgages and loans based in the UK.
“Supporting hardworking people and helping local communities right across Britain to thrive is absolutely at the heart of what TSB was set up to do. Whistletree is a natural extension of this.”
The terms and conditions of the existing loan agreements will remain unchanged. The initial purchase of the portfolio from Cerberus Capital Management was announced in November 2015.