Mortgage News
B&B extends contract with HML
Financial outsourcing provider HML has agreed an extension of its servicing and administration contract with nationalised mortgage lender Bradford & Bingley (B&B).
The two organisations have worked together since 1999 and HML currently manages approximately 60,000 customer accounts for B&B, amounting to over £8.5bn of mortgage loans. HML’s contract has now been extended to 2012.
Brian Brodie, chief executive of HML, said the two organisations had become “significant strategic partners”.
He explained: “Obviously we are delighted to have agreed an extension to our contract and feel this reflects positively on the way we have adapted and developed our relationship. Supporting B&B through its nationalisation and aligning our proposition with its revised strategic objectives have been key successes for HML in the last two years.”
Richard Banks, managing director of B&B, said HML had proven to be a highly valued partner over the years.
“We look forward to continuing to work with them in the months and years ahead as we restructure the business to achieve our shareholder’s objectives.”
Industry, not regulation, must lead later life lending change
Sponsored by Suffolk Building Society Intermediaries