Computershare Loan Services has announced that it will continue to administer 45,000 Bradford & Bingley mortgages transferring from UK Asset Resolution (UKAR) to an investor group led by Barclays Bank.
UKAR recently announced the sale of two portfolios of buy-to-let and residential owner-occupied mortgages to the investment group. Computershare Loan Services was appointed by UKAR to service the mortgages of NRAM, Bradford & Bingley and Mortgage Express from June 2016, and has today announced that it will continue to provide full administration services to the new owners.
Andrew Jones, Chief Executive Officer at Computershare Loan Services, said: “We’re very happy that the new owners of these assets have chosen Computershare as their servicer, particularly given Barclays’ history, expertise and global reach. The deal means Computershare will continue to service every mortgage that UKAR has returned to the private sector since we began administering their assets.”
“This continued success reflects the talents of our teams in Derry, Skipton, Crossflatts and Doxford, the high levels of customer service they offer and the vision we have for the future of mortgage servicing, particularly our strong emphasis on developing digital tools for the end consumer.”
Computershare Loan Services is the UK’s largest third-party mortgage servicer, managing £59 billion in assets: more than half of all outsourced mortgages in the UK. It administers over $100 billion of assets across the globe, operating in the USA, Ireland and the UK.