£12 billion of BTL transferred from Bradford & Bingley and Mortgage Express

by Property 118

13:35 PM, 19th February 2018
About 8 months ago

£12 billion of BTL transferred from Bradford & Bingley and Mortgage Express

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£12 billion of BTL transferred from Bradford & Bingley and Mortgage Express

Computershare has announced the successful transfer of £12 billion of buy-to-let Bradford & Bingley and Mortgage Express mortgages to their new owners.

The transfer follows the sale of the loans to Blackstone and Prudential last year, and the new owners have retained the UK’s largest third-party mortgage administrator to provide a full suite of administration services, including acting as legal title holder, master servicer and long-term servicer for all of the assets.

Computershare has serviced Bradford & Bingley, Mortgage Express and NRAM mortgages on behalf of UK Asset Resolution (UKAR) since June 2016.

Andrew Jones (pictured right), Chief Executive Officer at Computershare Loan Services, said: “After months of hard work we’re very happy to announce the milestone of this successful transfer of this large book of mortgages into the private sector.

“Our work with Prudential and Blackstone and continued partnership with UKAR reflects the trust placed in us to deliver high levels of service to customers and a seamless and secure transition of the assets.

“2018 promises to be another exciting year for Computershare Loan Services, with new clients coming on board and even greater technological development that will help us to continue to provide world-leading services to our clients across the UK, Ireland and the USA.”

Computershare Loan Services:

Computershare Loan Services is a leading international third-party mortgage service provider. We currently administer around £100 billion of assets globally and support hundreds of thousands of customers throughout the lifecycle of their loans. We apply our expertise, experience and advanced technology to provide insight and a variety of mortgage services, including loan administration and the management of large volumes of complex data, to help mortgage lenders and investors optimise the performance of their portfolios within a highly regulated environment.



Comments

Arnie Newington

11:02 AM, 24th February 2018
About 8 months ago

More evidence that despite the bluster the government has made billions from their theft of Northern Rock and Bradford and Bingley from shareholders.


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