Homeloan Management Limited wins new contract

HML (homeloan management limited) have won two new contracts contributing to their recent strong growth. Read more here.

Homeloan Management Limited (HML) continues to build upon its recent strong growth record by winning further new business. Two new clients have recently joined HML, adding to the already impressive list of clients. Over the next three years the new clients have the potential to bring in new business under management of well over £1 billion.

The two contracts are with Freedom Finance and Redstone Mortgages PLC for third party mortgage administration.

Freedom Finance have contracted HML to administer their exciting range of lending products, recently launched in the intermediary mortgage market. Freedom’s product range includes self-cert, buy-to-let, let-to-buy, full status and non-conforming products.

The three year contract with Redstone Mortgages PLC is for the administration of mortgages purchased in the secondary market.

The addition of two new loan administration clients since the start of the New Year, plus one new client for savings administration, reflects HML’s continuing expansion and success. In May, Homeloan Management Limited (HML) held a ‘turf-cutting’ ceremony in Padiham to mark the start of construction of the company’s new £3.5 million office building. HML’s business has doubled in size in just over a year.

Tim Fletcher comments: “Winning these important new mortgage servicing contracts provides further proof that HML is the leading UK provider of outsourced mortgage administration services. The new contracts won this year show that we are well on the way to achieving our ambitious growth targets.”