Why you’re stuck
Mortgage Express (Bradford & Bingley) 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
- Mortgage Express (part of Bradford & Bingley) has been a closed‑book brand since nationalisation; new products are not typically offered.
- We target a like‑for‑like switch to an active lender under MAA where eligibility is met; for 55+, we also assess RIO.
- We’re independent and not affiliated with Mortgage Express or Bradford & Bingley.
FAQ’s
Can I get a product transfer with Mortgage Express?
Closed‑book brands generally do not offer new products or transfers; switching away is the practical route.
What if my LTV is higher than 60%?
We’ll check lender caps; sometimes a partial capital reduction improves MAA eligibility.
How long does it take?
With clean payment history and documents ready, decisions can be quick; completion timing varies by lender and conveyancing.
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.