Why you’re stuck
Hessonite Mortgages (Topaz Finance) operates in, services or is associated with closed‑book mortgage portfolios that typically do not offer new products or further advances. The practical route is to switch to an active lender.
Your switch options
- MAA (Modified Affordability Assessment): like‑for‑like balance; based on payment history; new deal must be cheaper.
- RIO (55+): later‑life interest‑only; affordability and LTV still apply.
Quick eligibility check
- Up‑to‑date on payments (last 12–24 months)
- No extra borrowing under MAA (like‑for‑like)
- Not moving home
- Lower LTVs help (e.g., ≤ 60%)
- Ages 55+ may fit RIO route
What we’ll need
- Latest mortgage statement + 12m payment history
- 3–6m bank statements
- Pension/income evidence
- Photo ID + proof of address
Useful specifics
- Hessonite is another brand name used within Topaz Finance’s servicing of legacy portfolios.
- Product transfers are typically unavailable; we focus on switching under MAA or assessing RIO (55+).
- We’re independent and not affiliated with Hessonite or Topaz Finance.
FAQ’s
Why can’t I get a retention product?
Closed‑book brands manage existing loans but don’t usually offer new deals.
What if my LTV is above 60%?
Some lenders allow higher LTVs; if needed, a small capital reduction can improve options.
How fast can we complete?
With clean documentation we can move quickly; timelines depend on lender and conveyancer.
Get your free eligibility check
Compliance
- No advice implied until a suitability assessment is completed.
- MAA availability and lender participation vary over time.
- Your home may be repossessed if you do not keep up repayments on your mortgage.
- Brand names used for context only; no affiliation implied.