Skipton Building Society has taken its mortgage servicer HML off the market.
In May last year, the society was looking to sell the subsidiary and had issued a prospectus detailing its sales terms, but in August talks between Vertex and Skipton over buying the company broke down.
HML has lost some high-profile accounts in the past year, with GMAC-RFC and Nationwide taking the administration of their mortgage books in-house in December 2010 and January 2011 respectively, although HML signed a new deal with Nationwide to service £1.2bn worth of mortgages originated by Bank of Ireland in December.
HML’s assets under management stand at £43bn and it is expected to report a profit of £1.6m for 2011, up from £64,000 the previous year.
A spokeswoman for Skipton says: “HML has a bright future as an important part of Skipton Group.”