Financial outsourcing provider HML has reported an extension to its servicing and administration contract with Bradford & Bingley to 2012.

The two organisations have worked together since 1999 and HML currently manages approximately 60,000 customer accounts for B&B, amounting to over £8.5 billion of mortgage loans.

Brian Brodie, HML’s CEO, said: “We have worked with B&B for many years and the two organisations have become significant strategic partners. Obviously we are delighted to have agreed an extension to our contract and feel this reflects positively on the way we have adapted and developed our relationship. Supporting B&B through its nationalisation and aligning our proposition with its revised strategic objectives have been key successes for HML in the last two years.””