Computershare has transferred £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 Computershare 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, CEO 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.”
