HML, a UK-based provider of financial outsourcing services, has extended its servicing and administration contract with Bradford & Bingley (B&B), a UK-based nationalised mortgage lender, until 2012.
The two organisations have worked together since 1999 and HML currently manages approximately 60,000 customer accounts for B&B, amounting to over GBP8.5bn of mortgage loans.
Brian Brodie, chief executive of HML, said: “We have worked with B&B for many years and the two organisations have become significant strategic partners. Supporting B&B through its nationalisation and aligning our proposition with its revised strategic objectives have been key successes for HML in the last two years.”
Richard Banks, managing director at Bradford & Bingley, said: “We have worked with HML for a number of years and HML has proven to be a highly valued partner. We look forward to continuing to work with them in the months and years ahead as we restructure the business to achieve our shareholder’s objectives.”