Day One Remortgages
Day 1 remortgages – or remortgages within 6 months of purchase – 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 0207 7 100 400 or Enquiry Online.
We still appreciate however, we are not right for everyone and typically we best assist clients We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice. For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.There are three stages to our award winning process:
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