Head of Content
Mortgage Advisor & Director
Hyalite Mortgages
About Hyalite Mortgages
Hyalite Mortgages is a UK-based mortgage provider and a trading name of Topaz Finance Limited. Their parent company has been active since 2006 and offers residential and buy-to-let mortgage products and services.
In October 2023, they acquired the mortgage business of Bradford & Bingley and Mortgage Express when they ceased operating as lenders. As a result, scores of their mortgage customers were automatically moved onto agreements with Hyalite Mortgages.
If you want to know how Hyalite Mortgages’ rates compare to the rest of the market, you can view deals from more than 90 leaders across the market below:
Compare Mortgage Rates Online in Seconds
We work with 90+ mortgage lenders from across the market. We can help you compare mortgage rates from different lenders and find the best deal for you.
Use our free comparison tool to compare mortgage rates from 90+ lenders in seconds. We'll show you the latest deals so you can make an informed decision about which option is right for you.
To get started, fill in our quick online form or call 01484 242424 to speak to our expert mortgage advisers today!
Do Hyalite offer mortgages to new customers?
No. The only mortgages on their books are the existing ones they inherited from Bradford & Bingley and Mortgage Express when those lenders left the market in 2023.
Existing customers from Bradford & Bingley and Mortgage Express were automatically transferred over to Hyalite Mortgages when they acquired their mortgage businesses.
Anyone who was on a Bradford & Bingley and Mortgage Express agreement will have been transferred to an identical deal with the same rate under the Hyalite banner.
Your options if you were moved onto a Hyalite mortgage
Although Hyalite doesn't offer new mortgage deals, you can make changes to your existing mortgage with them if you were switched over from one of the defunct lenders it acquired.
It is possible to request the following changes to your Hyalite mortgage online:
- Make overpayments
- Switch to or from an interest-only mortgage
- Apply to borrow more
- Change your term length
- Request to take in a lodger
- Request to live in your buy-to-let property
- Request a mortgage payment holiday
- Change your mortgage type from residential to buy-to-let
You also have the option to find a new lender and move away from Hyalite.
What happens when your introductory rates period ends?
As Hyalite doesn’t offer new mortgages, you will be placed on their standard variable rate (SVR) when your introductory rates period ends. This will almost certainly mean paying a lot more for your mortgage, so it is in your best interest to find a new lender.
It is recommended that you start searching for a new lender to remortgage with at least six months before your initial rates period ends. This is something our brokers can help you with - they have access to every lender in the UK market and can weigh up all of your options, help you choose the right one, and close the deal before your initial rates period ends.
Alternatively, you can source a new lender yourself using our free comparison service - get started here to access the latest mortgage rates online.
What are your options if you can’t remortgage?
Following Hyalite Mortgages’ acquisition of Bradford & Bingley and Mortgage Express’ mortgage customers, some borrowers are at risk of being stranded on the lender’s costly standard variable rate because they do not fit the criteria for a remortgage elsewhere.
If this applies to you, you are what is often referred to as a ‘mortgage prisoner’. Being in this situation can be stressful and disheartening, but there could be options available.
Firstly, you should speak to a mortgage broker about your circumstances, as they will offer impartial advice and lay our every possible solution for you, which may include:
- Finding a specialist lender who is sympathetic to mortgage prisoners
- Overpaying on your mortgage to make the debt manageable
- Increasing your equity to improve your eligibility for a remortgage
- Sell up and downsize
How Teito can help Hyalite Mortgages customers
If you were placed onto a mortgage with Hyalite, our brokers can help you. We will review all of your options and help you choose the right one for your needs and circumstances.
If it’s in your interest to make changes to your existing mortgage with Hyalite, they will advise you accordingly, but they will also scour the entire market to see whether there’s a better deal out there. If there is, they will guide you through every step of the remortgage process.
For borrowers who cannot remortgage, our brokers can provide impartial advice and connect you with a lender who specialises in providing solutions for mortgage prisoners.
How Teito Works
You have two options when you get started with Teito: you can select the option to speak with an advisor straight away or source a mortgage yourself. If you want to choose your own mortgage deal, follow the steps below:
Click ‘Get Started’
Hit the button below and enter a few quick details. It takes less than 60 seconds to begin the mortgage process with us
Compare Quotes Online
Next you can view rates and deals from across the entire market online and choose the one you want in real time
Apply Online
We’ll take it from here and have an expert mortgage broker on hand to ensure you have chosen the best deal for you
FAQs
If you are still in the introductory rates period of your existing mortgage, there are likely to be early repayment charges to switch to a new lender. These will be a percentage of the outstanding loan balance and will be higher for those who are on longer fixes.
If you are on Hyalite Mortgages’ SVR, you can switch to a new lender without penalty.