Published 19 March 2022 · Last reviewed 1 May 2026
It may be time to come off the Tracker rates of Mortgage Express Rosinca Mortgages
Is now the right time to switch your buy-to-let mortgage from Mortgage Express (Rosinca Mortgages) variable Tracker to a Fixed Rate? Remortgage.
Mortgage Trackers on the rise! and Buy to Let rates have been hit hard.
I’m not going to pretend I’m an Economist but the warning signs are there for Tracker mortgage holders, even those with small loadings over Bank of England Base Rate such as Mortgage Express buy-to-let trackers.
You only have to enter your local shop or the petrol pump to see the sharp rise in inflation. A global divide of Nations stimulated by Brexit and the Ukrainian War has caused major disruptions to the supply chain; and the re-bound of pent-up consumer demand for goods following the reopening of the economy in 2021 post pandemic are sighted as the main causes for the increase. Whatever the drivers are inflation is real and currently running at around 8% with the papers saying it could reach 10% by the end of the year.
As a consequence The Bank of England Monetary Policy Committee (MPC) have now raised interest rates several times during the last 12 months. In fact it is the largest increase in interest rates in history in the shortest amount of time.
This may be cheered by the long-suffering Savers but for the Tracker Mortgage Holders it’s starting to hurt so if you are one of them – read on – and don’t just sit on your hands!
Mortgage Express: Guard Against Rate Rises by Fixing Your Rate
Mortgage Express was a well-loved lender back in the day. They were pioneers: 100% mortgages; products without higher lending charges; flexible payments, and Limited Company Buy-to-lets were just some of their USPs. They were however predominantly known as a standard buy-to-let super juggernaut.
As part of the ill-fated Bradford and Bingley Group, their demise, like many other Lenders, was a result of the 2007 Banking Crisis, and this lead to their back-book of mortgage customers being serviced by Rosinca Mortgages.
Thousands of Mortgage Express buy-to-let customers will be on Bank of England Trackers with typical margins of 1.75% or 2.00% above Bank of England Base Rate and they must be seriously contemplating remortgaging in light of the interest rate rises.
Niche Advice arranges mortgages and is not a Lender.