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HMS wins mandate to service Redrow’s Shared Equity Mortgages

HMS is today delighted to announce that it has been mandated as the exclusive mortgage servicer to Redrow Homes PLC’s Shared Equity Mortgage portfolio. The strategic win of Redrow Homes further emphasises the industry leading position of HMS in working with House builders to service their complex portfolios, and specifically those with Shared Equity portfolios.

“We are thrilled to add another marquee name in Redrow to our extensive housebuilder client portfolio. Redrow’s track record in delivering vital housing supply across the UK needs no introduction and the Redrow transaction is a clear indication of the trust of the most high profile names in the UK Real Estate industry to partner with HMS – particularly in relation to complex, high touch portfolios where our extensive special servicing knowledge and experience adds significant value to our clients.”

Daniel Maycock, Head of Business Development

“We are very happy to partner with HMS at this critical stage of development within our Shared Equity Portfolio. Over the coming years we expect to see much of the outstanding loans to redeem where special servicing will almost certainly play a key role and HMS was able to demonstrate their experience with this on similar portfolios and this was of critical importance to us in selecting them as a partner. This experience with Shared Equity portfolios and results-based approach, coupled with the experience of the management team meant they were ideally placed to assist us.”

Graham Hope, Group Company Secretary at Redrow Homes

About Redrow Homes

Redrow plc is one of the largest British housebuilders with a network of 15 operational divisions across the UK. It is based in Flintshire and employs 2,300 people. It is listed on the London Stock Exchange and is currently a constituent of the FTSE 250 Index.