Computershare Limited (ASX: CPU) today advises that, following the announcement to the Australian Securities Exchange on 2 February 2016, its UK business has now been appointed by UK Asset Resolution Limited (UKAR) to undertake its mortgage servicing activities.
Computershare’s subsidiary HML already services £5bn of mortgages for UKAR in addition to this contract appointment.
Computershare CEO, Mr Stuart Irving said “We are delighted to be selected by UKAR to provide mortgage servicing capabilities and will ensure customers receive the same high quality of service they are used to with UKAR. We have an enviable track record of quality mortgage servicing in the UK with our HML business and are committed to ensuring the transition is a smooth one for all stakeholders”.
Fenchurch Advisory Partners is pleased to have advised Computershare on the transaction.