Computershare Loan Services has confirmed it has been appointed standby administrator by Belmont Green for its latest securitisation.
The mortgage servicer will undertake the role for Belmont Green Tower Bridge Funding No 2 plc as well as acting as delegate mortgage administrator for the loans.
Andrew Jones, Chief Executive Officer at Computershare Loan Services, said: “We’ve been very proud to work with Belmont Green and its trading brand Vida Homeloans since they entered the mortgage market a year and half ago. We’re delighted to be extending our relationship to take on standby servicing for this new securitisation.”
Adrian Scragg, Director of Capital Markets at Belmont Green, said: “As the largest and best rated servicer in the UK, Computershare is a natural choice for us as a business for both ordinary and standby servicing. This most recent Belmont Green securitisation follows a very successful start in the mortgage industry for Vida Homeloans, and we’re pleased to be working with Computershare as we begin this new chapter.”
S&P Global also named Computershare Loan Services “the UK’s leading third-party mortgage administrator” as part of its most recent assessment of the company’s Skipton-headquartered division.
The international ratings agency again awarded the division an ‘above average’ ranking as a UK primary and special servicer of residential home finance.
Global ratings agency Fitch awarded Computershare’s home finance servicing operation headquartered in Skipton, Yorkshire, a RSS2+ Special Servicer Rating and a RPS1- Primary Servicing during their last rating, citing its “strong capabilities” and “highly automated systems” that had been designed to “drive operational efficiency”.