The Financial Conduct Authority (FCA) has approved the purchase of HML by Computershare and the acquisition has been completed.

The servicer has been purchased by Computershare in order to extend its mortgage servicing business into the UK. Computershare says it plans to invest in HML, grow it and provide the scale and capital “to allow it to take advantage of developing opportunities”.

Andrew Jones, chief executive officer of HML, said: “Computershare becoming our parent company is excellent news for the business and those who work at HML, as well as our clients and their 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. With the desire to grow the business and develop the specialist expertise that HML has, it’s clear to me that culturally we are much aligned with Computershare.

“HML has had 25 years of successfully delivering value to clients, customers and our people and this deal will secure the future of the company for many more 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. Together, we’re excited at the opportunities that lie ahead.”