HMS has more than five years’ experience providing a comprehensive specialist administration and servicing platform to service complex portfolios of loans, including Shared Equity and second charge mortgage portfolios. It also operates across residential, bridging/development and commercial real estate sectors.

Richard Collins, director of HMS, said: “We are thrilled to be adding another high profile name to our housebuilders’ portfolio and look forward to contributing significant value and support to Redrow’s business. This transaction is a strong endorsement of our work.”

Graham Cope, group company secretary at Redrow Homes, said: “We are committed to delivering a quality service to our customers throughout the whole home-buying process and beyond; therefore we are delighted to be partnering with HMS, who has an extensive track record and thorough knowledge of the industry, and is well placed to support our business.”