Day 1 Remortgages

Day 1 Remortgages

Day 1 remortgages- are mortgages taken out immediately or soon after the day an initial mortgage has completed. There are a number of reasons why people require day 1 remortgages and these are often due to the original property purchase having been undertaken at below market value due to probate sales, an assignable contract, a repossession or the discounted purchase price paid at auction or through private sale.

In considering day 1 remortgages it is important to seek professional and impartial information from a suitably qualified adviser and we have deemed Day 1 remortgages a specialist area within Capital Fortune.

Capital Fortune have the knowledge and expertise to place these properties with a number of UK mortgage lenders. However, day 1 remortgage application often require a degree of liaison and negotiation with the lenders and the valuers given the property has only recently been purchased. They also require a degree of liaison with solicitors to ensure the appropriate owner of the property is immediately registered with the Land Registry.

That is where our skills and relationships are essential.

We know our lender€™s criteria and we often know the underwriters. We will be able to speak directly with the underwriting team to ensure an holistic approach is taken to the lending decision. In many cases involving day 1 remortgage, properties are often sold or inherited well below market valuation and so can provide good long term security to any lender.

Capital Fortune work with a number of specialist and mainstream mortgage providers willing to offer both day 1 mortgages and day 1 remortgages and who offer competitive mortgages on these transactions. We will be happy to take you through all the options.

At Capital Fortune we are specialists in giving impartial mortgage advice. We understand your requirements when purchasing a below market value property, we also understand the pitfalls of Day 1 remortgaging. We will be able to discuss with you all the reasons for purchasing a below market value property and give you advice on the most suitable and affordable Day 1 mortgage options to complete the finance transaction.

To discuss day 1 remortgages or day 1 remortgages call us today on 020 77 100 400 or Enquiry Online.

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Residential - Remortgage - Best Buys


LenderInitial
Rate
Mortgage
Type
For/Until Subsequent
Rate
The overall
cost for
comparison is
Early Repayment
Charge
Arrangement
Fee
Loan
to
Value
Details
Leeds BS 2 Year Fixed £2199 Fee Larger Loan BLH1.19%FixedMar-20205.69%4.8%APRC31-Mar-2020 £219960%
Product Code: 002XL2
Product Name: 2 Year Fixed £2199 Fee Larger Loan
Lender Code: BLH
Lender Name: Leeds BS
Initial Pay Rate: 1.19
Mortgage Class: Fixed
Initial Rate Period: Mar-2020
Initial Rate Period Months: 25
Standard Variable Rate: 5.69
Apr Lenders: 4.8
Early Repayment Charge Applies Until: 31-Mar-2020
Early Repayment Charge Period Sort Field: 1442
Initial Monthly Payment: 462.78
Monthly Payment After Initial Period: 718.51
Fees Total: 2433.00
True Cost: 0.00
True Cost Over Initial Period: 13967.50
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 2199.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 199.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 500000.00
Legal Fee: 120.00
Lender Product Reference: 19661
Detail
Barclays Bank RETENTION 2 Year Tracker £1899 Fee EMC Reward BWO1.24%Tracker2 years 3.99%3.7%APRC £189960%
Product Code: 001MBY
Product Name: RETENTION 2 Year Tracker £1899 Fee EMC Reward
Lender Code: BWO
Lender Name: Barclays Bank
Initial Pay Rate: 1.24
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.99
Apr Lenders: 3.7
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 472.77
Monthly Payment After Initial Period: 628.89
Fees Total: 2014.00
True Cost: 0.00
True Cost Over Initial Period: 11461.48
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 1899.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 80.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 2000000.00
Legal Fee: 0.00
Lender Product Reference: AU06
Detail
Platform Intermediary 2 Year Tracker £999 Fee CTS1.24%Tracker2 years 4.74%4.3%APRC2 years £99960%
Product Code: 0023CB
Product Name: Intermediary 2 Year Tracker £999 Fee
Product Availability: Intermediaries Only
Lender Code: CTS
Lender Name: Platform
Initial Pay Rate: 1.24
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 4.74
Apr Lenders: 4.3
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1437
Initial Monthly Payment: 469.28
Monthly Payment After Initial Period: 670.94
Fees Total: 1159.00
True Cost: 0.00
True Cost Over Initial Period: 11422.72
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 106.00
Deeds Release Fee: 54.00
Product Match Status: Available
MaxLoan Available: 1500000.00
Legal Fee: 0.00
Lender Product Reference: M1288
Detail
Platform RETENTION Intermediary 2 Year Tracker £999 Fee Product Switch CTS1.24%Tracker2 years 4.74%4.3%APRC2 years £99960%
Product Code: 0023CG
Product Name: RETENTION Intermediary 2 Year Tracker £999 Fee Product Switch
Product Availability: Intermediaries Only
Lender Code: CTS
Lender Name: Platform
Initial Pay Rate: 1.24
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 4.74
Apr Lenders: 4.3
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1417
Initial Monthly Payment: 469.28
Monthly Payment After Initial Period: 670.94
Fees Total: 1159.00
True Cost: 0.00
True Cost Over Initial Period: 11422.72
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 106.00
Deeds Release Fee: 54.00
Product Match Status: Available
MaxLoan Available: 1500000.00
Legal Fee: 0.00
Lender Product Reference: M1288
Detail
Platform RETENTION Intermediary 2 Year Fixed £1249 Fee Product Switch CTS1.24%FixedApr-20204.74%4.2%APRC30-Apr-2020 £124960%
Product Code: 0023FJ
Product Name: RETENTION Intermediary 2 Year Fixed £1249 Fee Product Switch
Product Availability: Intermediaries Only
Lender Code: CTS
Lender Name: Platform
Initial Pay Rate: 1.24
Mortgage Class: Fixed
Initial Rate Period: Apr-2020
Initial Rate Period Months: 26
Standard Variable Rate: 4.74
Apr Lenders: 4.2
Early Repayment Charge Applies Until: 30-Apr-2020
Early Repayment Charge Period Sort Field: 1443
Initial Monthly Payment: 470.25
Monthly Payment After Initial Period: 670.81
Fees Total: 1409.00
True Cost: 0.00
True Cost Over Initial Period: 12386.50
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 1249.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 106.00
Deeds Release Fee: 54.00
Product Match Status: Available
MaxLoan Available: 1500000.00
Legal Fee: 0.00
Lender Product Reference: M1268
Detail
Furness BS 2 Year Discount £999 Fee Remortgage Cashback BFU1.24%Discount2 years 5.54%4.8%APRC2 years £99975%
Product Code: 002BU1
Product Name: 2 Year Discount £999 Fee Remortgage Cashback
Lender Code: BFU
Lender Name: Furness BS
Initial Pay Rate: 1.24
Mortgage Class: Discount
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 5.54
Apr Lenders: 4.8
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1424
Initial Monthly Payment: 469.36
Monthly Payment After Initial Period: 722.84
Fees Total: 1164.00
True Cost: 0.00
True Cost Over Initial Period: 11259.64
Cashback: 150.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 75
Product Type: Residential
Mortgage Discharge Fee: 120.00
Deeds Release Fee: 25.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 105.00
Lender Product Reference: DS303
Detail
Furness BS 2 Year Discount £999 Fee (Scottish) BFU1.24%Discount2 years 5.54%4.8%APRC2 years £99975%
Product Code: 002BU2
Product Name: 2 Year Discount £999 Fee (Scottish)
Lender Code: BFU
Lender Name: Furness BS
Initial Pay Rate: 1.24
Mortgage Class: Discount
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 5.54
Apr Lenders: 4.8
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1424
Initial Monthly Payment: 469.36
Monthly Payment After Initial Period: 722.84
Fees Total: 1164.00
True Cost: 0.00
True Cost Over Initial Period: 11259.64
Cashback: 150.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 75
Product Type: Residential
Mortgage Discharge Fee: 120.00
Deeds Release Fee: 25.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 105.00
Lender Product Reference: DS303
Detail
Furness BS 2 Year Discount £999 Fee BFU1.24%Discount2 years 5.54%4.8%APRC2 years £99975%
Product Code: 002BU3
Product Name: 2 Year Discount £999 Fee
Lender Code: BFU
Lender Name: Furness BS
Initial Pay Rate: 1.24
Mortgage Class: Discount
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 5.54
Apr Lenders: 4.8
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1424
Initial Monthly Payment: 469.36
Monthly Payment After Initial Period: 722.84
Fees Total: 1164.00
True Cost: 0.00
True Cost Over Initial Period: 11409.64
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 75
Product Type: Residential
Mortgage Discharge Fee: 120.00
Deeds Release Fee: 25.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 0.00
Lender Product Reference: DS303
Detail
Accord RETENTION Intermediary 2 Year Discount £1495 Fee Product Transfer ACC1.24%DiscountMay-20204.99%4.4%APRC31-May-2020 £149565%
Product Code: 002X1G
Product Name: RETENTION Intermediary 2 Year Discount £1495 Fee Product Transfer
Product Availability: Intermediaries Only
Lender Code: ACC
Lender Name: Accord
Initial Pay Rate: 1.24
Mortgage Class: Discount
Initial Rate Period: May-2020
Initial Rate Period Months: 27
Standard Variable Rate: 4.99
Apr Lenders: 4.4
Early Repayment Charge Applies Until: 31-May-2020
Early Repayment Charge Period Sort Field: 1444
Initial Monthly Payment: 471.20
Monthly Payment After Initial Period: 687.25
Fees Total: 1585.00
True Cost: 0.00
True Cost Over Initial Period: 12812.40
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 1495.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 65
Product Type: Residential
Mortgage Discharge Fee: 90.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 5000000.00
Legal Fee: 0.00
Lender Product Reference: 46872
Detail
Progressive BS 2 Year Discount No Fee Remortgage Cashback BPG1.28%Discount2 years 4.75%4.29%APRC2 years £060%
Product Code: 000BHR
Product Name: 2 Year Discount No Fee Remortgage Cashback
Lender Code: BPG
Lender Name: Progressive BS
Initial Pay Rate: 1.28
Mortgage Class: Discount
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 4.75
Apr Lenders: 4.29
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1417
Initial Monthly Payment: 467.62
Monthly Payment After Initial Period: 666.27
Fees Total: 170.00
True Cost: 0.00
True Cost Over Initial Period: 10892.88
Cashback: 500.00
Valuation Fee: 0.00
Arrangement Fee: 0.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 85.00
Deeds Release Fee: 85.00
Product Match Status: Available
MaxLoan Available: 500000.00
Legal Fee: 117.50
Detail

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The mortgage products displayed above are as a result of the following search: Reason for Mortgage: Remortgage; Property Valuation: £200000; Mortgage Amount: £120000; Payment Method: Repayment; Mortgage Term: 25 years; Mortgage Product: All Offset: No Product Term Period From: 0 Months; Product Term Period To: 300 Months; . For a more accurate quotation please use our Quick Mortgage Quote facility.

Mortgage product availability is subject to status and availability.

Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions. To confirm details and availability of any product please click the “Do I Qualify” button.