Mortgage Express transfer to Rosinca Mortgages – anyone else?

Mortgage Express transfer to Rosinca Mortgages – anyone else?

8:23 AM, 12th February 2018, About 6 years ago 162

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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

Darrell

Editors Note:

From UKAR page >> http://www.bbg.co.uk/landlords/transfer-rosinca

“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 >”


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Comments

NW Landlord

15:04 PM, 10th April 2018, About 6 years ago

Yes they have as they send all the annual statements and haven’t moved

Mark Alexander - Founder of Property118

15:10 PM, 10th April 2018, About 6 years ago

Reply to the comment left by NW Landlord at 10/04/2018 - 15:04
In that case I suggest you call them to ask whether your mortgages have moved and if not why not

NW Landlord

17:16 PM, 10th April 2018, About 6 years ago

Thanks mark are there a chunk that didn’t get sold off and have stayed or was it the whole portfolio ?

Mark Alexander - Founder of Property118

17:40 PM, 10th April 2018, About 6 years ago

Reply to the comment left by NW Landlord at 10/04/2018 - 17:16
I believe so, but I don’t know for certain. I’m very interested to know what they tell you.

Bemused

9:58 AM, 16th May 2018, About 6 years ago

Having read this thread through this morning and from my own personal experience, those mortgages that were originally GMAC do not yet appear to have been sold off. Is there any update on the post by EBG a few months ago about the land registry dates of Topaz Finance LTd.?

Adrian Jones

16:33 PM, 4th June 2018, About 6 years ago

Reply to the comment left by Mark Alexander at 10/04/2018 - 15:10
Hi Mark,

Did you ever find out whether there were some loans that stayed with Mortgage Express.

The reason I ask is that I'm a (unpaid) Director of management company for 18 flats and trying to chase unpaid service charges.

I've written to Jasper and Rosinca and they say they don't recognise the loan.

NW Landlord

16:36 PM, 4th June 2018, About 6 years ago

I spoke with me portfolio manager and she told me all ours where still with Mx and UKAR but the plan is to sell all of the book off in chunks. She also said that it won’t make any difference to us anyway as it all stays the same

NW Landlord

16:36 PM, 4th June 2018, About 6 years ago

I spoke with me portfolio manager and she told me all ours where still with Mx and UKAR but the plan is to sell all of the book off in chunks. She also said that it won’t make any difference to us anyway as it all stays the same

Mark Alexander - Founder of Property118

17:15 PM, 4th June 2018, About 6 years ago

Reply to the comment left by Adrian Jones at 04/06/2018 - 16:33
Yes I believe some loans stayed with Mortgage Express but I have been unable to get to the bottom of why these were not transferred yet.

Adrian Jones

6:57 AM, 5th June 2018, About 6 years ago

Reply to the comment left by Mark Alexander at 04/06/2018 - 17:15
Thanks both. I'll give Mortgage Express a try.

By the way my mortgage transferred to Rosinca and I'm finding it impossible to get an answer to a simple question.

I've just written to the CE at Topaz to complain.

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