Computershare buys UK mortgage administrator
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Computershare (CPU) has agreed to buy a UK third-party mortgage administration business for £47.5 million ($A86.44m) as it extends its mortgage servicing business into the country.
The deal to buy Homeloan Management Limited from Skipton Building Society also includes an adjustment for surplus working capital, plus potential additional payments based on revenue growth in 2015 and 2016.
Computershare chief executive Stuart Irving noted HML's growth potential, saying it would be possible to add value to the business given its alignment with Computershare's core competencies.
The deal is subject to approval from the Financial Conduct Authority and is expected to be earnings per share accretive, although it is not set to make a material contribution to the suitor in fiscal 2015.
The acquisition follows Computershare's flagged writedowns of $US40 million after closing its Digital Post joint venture and selling its insurance business.
Call 1300 880 160
Start a chat
Schedule a call
