THE sale of Skipton-based third-party mortgage administration company HML has been approved by the Financial Conduct Authority.

HML has been acquired by financial services company Computershare as it moved to extend its UK mortgage servicing business.

Andrew Jones, HML chief executive, said: “Computershare becoming our parent company is excellent news for the business and those who work at HML, as well as clients and customers.

“Computershare is committed to investing in and growing HML, allowing us to continue to be the leading third-party mortgage administration company in the UK and Ireland.

“HML has had 25 years of successfully delivering value to clients and customers and this deal will secure the future of the company for many years to come.”

Naz Sarkar, regional chief executive officer of Computershare, said: “We’re pleased to welcome HML to the Computershare group and I’m delighted that Andrew and his senior team will be remaining with the business. Several experienced Computershare staff will be relocating to Skipton to supplement the HML team and assist with the transition to Computershare.”