Mortgage Express sells a part of its portfolio to Rose Mortgages
I received a letter from Mortgage express today explaining that they are selling part of their portfolio to Rose Mortgages ltd. and that the ‘day to day’ admin of the mortgage will be managed by Pepper UK LTD, trading as Engage credit. It also says that if I have other mortgages with them (I have 15) then I may get further letters confirming that they also have been transferred.
There’s obviously a reason as to why some of the mortgages have been transferred. Have Rose taken the worst or the best? Obviously a case of ‘cherry picking’…Possibly with the intent of increasing the variable rate as BOI have done.
Anyone else had a letter?
Hugh
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Member Since February 2011 - Comments: 3462 - Articles: 286
1:36 PM, 19th May 2015, About 11 years ago
Hi Hugh,
No we had not seen this yet !
Member Since May 2014 - Comments: 262
5:08 PM, 14th June 2015, About 11 years ago
Hello Hugh
I have eight with them but have not heard anything.