New mortgage lender Vida Homeloans has chosen Computershare to service its assets.

Computershare has won a new seven-year contract providing a full third-party servicing model for all Vida Homeloans’ mortgages, including payments, finance, arrears management, business intelligence, finance and compliance.

Andrew Jones,Computershare Loan Services’ CEO, said: “Vida Homeloans will offer their customers a great choice of well-designed mortgages and loans.

“Our new relationship with Vida Homeloans demonstrates that as well as being the UK’s largest third-party mortgage servicer, we are also the go-to administrator for new companies and more established lenders.”

Vida Homeloans (a trading name of Belmont Green Finance Limited), is in a “pre-pilot phase” and is concentrating on residential and buy-to-let mortgages.

Lesley Sewell, chief operating officer at Vida Homeloans, said: “We are building a proposition that challenges the status quo, using the latest technology and processes to enable our people to deliver the highest standards of customer service.

“Computershare is a good choice for us as the established UK expert in servicing residential and buy-to-let mortgages, particularly as it is rated as the UK’s leading third-party mortgage servicer by ratings agency Standard and Poor.”

Vida Homeloans’ assets will be administered by Computershare’s subsidiary HML.