Case Studies
Asset Purchase
Asset purchase completed within eight weeks
One of the UK’s top five building societies was looking to purchase a book of mortgage assets from another lender within a tight timeframe.
The building society already worked with another servicing partner, but as is the case with over 30 UK lenders, the assets were already under management on the HML system. We were approached to assist with the transaction and the transfer of the £120m book was completed within eight weeks.
We’ve completed 90 asset transfers in recent years, with a 100% success rate, so all parties involved had a high degree of confidence in our ability.
Enabling the building society to complete the transaction within such a short period of time led to HML being retained for a subsequent transaction. By providing an efficient and effective solution to a short-term requirement, we established a long-term relationship.
