Mortgage Express transfer to Rosinca Mortgages – anyone else?

by Readers Question

6 months ago

Mortgage Express transfer to Rosinca Mortgages – anyone else?

Make Text Bigger
Mortgage Express transfer to Rosinca Mortgages – anyone else?

My wife and I have just had a letter from Mortgage Express to say that our 11 Buy to Let loans are being transferred this month to Rosinca Mortgages a trading name of Topaz Finance ltd.

Our loans are on the beloved tracker rate. The letter states that the existing terms and conditions will not change.

Our LTV is sitting just below 60%, perhaps this is the level they can get to offload the loans ?

Anyone else had this letter yet?

Many thanks


Editors Note:

From UKAR page >>

“Rosinca Transfer

Important information about the sale and transfer of a portfolio of mortgage accounts to Rosinca Mortgages

If one or more of your mortgages was included in the transfer to Rosinca Mortgages (Rosinca), we will write to you in February 2018 explaining this. If we do not write to you, then your account(s) are not included in the transfer.

Your personal information
All personal and financial data relating to your account(s) will be transferred to Rosinca. Please be assured that we will always comply with our legal obligations under the Data Protection Act 1998. We will retain details of our relationship with you to comply with our regulatory obligations.

Find out more >

The relevant Credit Reference agencies will be notified of the transfer(s) of legal title and they will update your report accordingly. They may send you an automated notification about this, which will be for information only. This change will have no impact on your credit score.

More information >

The new Rosinca Mortgages website will soon be up and running. When this happens, this page will be updated with a direct link to the new site. In the meantime, please read through the Frequently Asked Questions – see below.

Rosinca Mortgages FAQ page >”


Neil Patterson

6 months ago

Hi Darrell,

I have not seen any, but it looks like these letters went out at the weekend.

I have found the relevant Mortgage Express page and added it above as an editors note.

Mark Alexander

6 months ago

Reply to the comment left by Neil Patterson at 12/02/2018 - 08:28
Another of our Readers emailed me a scanned copy of one of these letters over the weekend. Nothing to worry about from what I have seen. The new lender is compelled by law to honour the original mortgage terms.

Dr Rosalind Beck

6 months ago

I suppose the worry is what general approach they might take - whilst remaining within the contractual parameters. It would be useful if anyone knows anything about the company.

Adrian Jones

6 months ago

Haven't received anything. I did write a couple of months ago asking if they were offering any discount for paying up the mortgage.

They replied saying "No scheme available at this time."

Mark Alexander

6 months ago

Reply to the comment left by Mark Alexander at 12/02/2018 - 09:04
I cannot imagine what they could do that could be considered worse than the way UKAR treated some people.


6 months ago

Hi, yes i got a letter on Saturday too, my LTV's are also low so all 5 of them are transferring over to Rosinca, i'm not overly concerned though providing the original tracker rates are adhered to and no 'games' are played as with other lenders previously, there may even be some further borrowing potential with the new provider?....We'll see...

Dave S

6 months ago

I recieved my letters on Saturday I only have 4 properties with MX on the SVR i guess the LTV is around 75-80% not to worried as long as they don’t try any dirty tricks

Darrell C

6 months ago

There was a lot of chatter a few years ago about possible discounts to get rid of the borrowers which never happened [to my knowledge]
However i would like to know if they have sold these loans at full value ?

Mark Alexander

6 months ago

Reply to the comment left by Darrell C at 12/02/2018 - 10:05
So would I Darrell.

I would also like to know whether Rosinca will be doing any further lending and/or agree to second charges.

If they did purchase the book at a discount I think we can be fairly sure that they will be just as hungry for redemptions as UKAR were.

Kathy Evans

6 months ago

Yes. I also got this, but my LTV is now about 90-100% because of the fall (and non-recovery) in house prices in the north-east - was 70-75%. So I'm pretty worried as I can't easily sell or pay off.

1 2 17

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?



It a personal Brexit for this landlord!

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More