View more on these topics

HML signs deal with Nua

Homeloan Management Limited has signed of a five-year servicing contract with Nua Homeloans in the Republic of Ireland.

HML will service Nua’s range of products originated through its intermediary channels and will handle all post completion administration.

Nua, a joint venture between Finance Ireland and Investec, will offer loans to customers in the specialist mortgage market, which is a growing sector in the Republic of Ireland.

Paul Fenn, development director at HML, says: “We are pleased to welcome Nua as a client, which further cements our existing relationship with Finance Ireland and Investec.

“This capture really does demonstrate our growing reputation as the servicer of choice in the Irish Republic.

“This is HML’s fourth new contract of 2007 and, as we reach the mid point of the year, the signs are that this is going to be yet another successful year for us.”

Declan Fitzpatrick, managing director at Nua Homeloans, says: “Delivering high standards of customer care is of paramount importance to Nua.

“We operate through our broker channel and all our application processing to funds release is handled in-house.

“We have chosen HML as our service provider for the post-completion stage of the business and we look forward to working with them to ensure that all customers receive a seamless quality post-completions service.

“HML provides us with the platform to realise our growth plans for this market.

“Their reputation within the servicing market is second to none and we look forward to a successful relationship with them.”


GMAC closes securitisation deal

GMAC-RFC has closed its first securitisation for 2007 on June 27 2007, valued at £525m through its RMAC Securities Plc No.1 shelf. This is GMAC-RFC’s 26th transaction in the UK RMBS market, and total issuance since 1998 exceeds £16bn.The transaction is backed by 100% first lien, sub-prime mortgages and has been divided into eleven tranches […]

SPPL launches packaging guide

Southern Pacific Personal Loans has launched a packaging guide. The guide takes packagers through each part of the process for applications, ensuring they are submitted ready to move to completion.

ExCo teams up with Football Association

Exchange Insurance has become the latest business partner of the Professional Footballers’ Association. The new partnership means that PFA members can take advantage of ExCo’s Exchange Bond, the alternative to making cash deposits on new-build properties.Investing funds in property is especially popular with the modern professional footballer, as well as those players who have retired […]

PM warned on buy-to-let tax

Nationwide’s chief economist has warned Gordon Brown that any changes to buy-to-let taxation could destabilise the housing market.The society’s monthly house price index shows the bad weather in June had little effect on the market, with house prices increasing by 1.1% – the fastest monthly increase this year.The pick-up during the month brings the annual […]

What attendees thought of the LendInvest Property Development Academy

LendInvest ran its first Property Development Academy in London last month. Attendees from all over the UK gathered to learn how to better equip themselves with the skills they need to grow their property development portfolios. Speakers from CBRE, Gleeds, Arcadis, Gowling, Residential Edge and AZ Urban Studio gave their insights into their respective fields […]


News and expert analysis straight to your inbox

Sign up