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HML appointed back-up servicer for HP portfolio

by admin
17 April 2012
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HML has won a deal with car finance specialists MotoNovo Finance, a division of FirstRand Bank Limited in South Africa operating as a registered branch in the UK, to act as back-up servicer to a portfolio of hire purchase loans.

The Turbo Finance 2 PLC portfolio was originated and then successfully securitised by MotoNovo Finance at the end of March, and comprises over 52,000 loans totalling £314 million.

Ian Cornelius, HML’s commercial director, said: “As an experienced servicer with the scale to absorb additional workloads at short notice

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
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    • Help to Buy
    • New build
    • Overseas
    • Regulation
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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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