The sale of the mortgage servicing business assets of Capita plc entity Western Mortgage Services Limited (WMSL) to Topaz Finance Limited (the Buyer) has completed, and the staff and office of the WMSL mortgage servicing business have transferred to the Buyer.
The WMSL mortgage servicing activity is a complete outsourced mortgage administration service to providers of residential and buy-to-let mortgages, regulated by the UK Financial Conduct Authority. The business currently provides post-completion mortgage servicing and arrears management for several Special Purpose Vehicle (SPV) books.
The sale of the WMSL mortgage servicing business assets is part of Capita's “manage for value” strategy, which is focused on developing core capabilities and exiting non-core businesses. The WMSL mortgage servicing business was a non-core loss-making business in 2024 (2024 revenue £5.6m), so it was decided to seek a buyer that is better able to develop the business, helping it reach its full potential.
Owned by Computershare, a global leader in financial services administration, Topaz Finance Limited is an experienced, UK-based mortgage administrator supporting homeowners and buy-to-let landlords. Topaz Finance Limited has been operating since 2006 and is regulated by the Financial Conduct Authority.
About Capita plc
Capita is a modern outsourcer, helping clients across the public and private sectors run complex business processes more efficiently, creating better consumer experiences. Operating across eight countries, Capita’s 34,000 colleagues support primarily UK and European clients with people-based services underpinned by market-leading technology. We play an integral role in society - our work matters to the lives of the millions of people who rely on us every day. www.capita.com
Media enquiries
Email: media@capita.co.uk
Capita notes the statements made yesterday regarding the Civil Service Pension Scheme and the Royal Mail Statutory Pension Scheme.
Read more
Capita today announced the launch of its new Storefront, providing customers with access to the company’s AI, data and digital services via AWS Marketplace Storefront.
Read more
Capita has set out its actions to reduce its environmental impact and progress towards net zero greenhouse gas emissions across its value chain by 2045.
Read more
Capita announces that Entrust Support Services, its joint venture with Staffordshire County Council (SCC), has agreed a further extension of its long standing partnership with the client.
Read more
Share