Day 1 Mortgages
Day 1 Mortgages - Day 1 mortgages are mortgages taken out immediately or soon after an initial mortgage has been completed. Day 1 mortgages may also be referred to as day 1 remortgages. There are a number of reasons why people may require day 1 mortgages. One of these may be that the original property purchase was undertaken at below market value, possibly due to probate sales, an assignable contract, repossession or the discounted purchase price paid at auction or through private sale. Day 1 mortgages can be used to pay off the bridging loan that was used to secure the property. When searching for day 1 mortgages, it is important to keep in mind that it is a specialist area and that assistance may be needed to find the most suitable deals. Our advisers at Capital Fortune have the knowledge and expertise to negotiate with lenders of day 1 mortgages on behalf of our clients. We understand the criteria of lenders with respect to day 1 mortgages and work with their underwriters to present your details to the lenders in a favourable manner, increasing the chances success of an application. Our expert advisers take a holistic view of the day 1 mortgages on the market, ensuring that we can connect our clients with the right lenders offering the right products the right cost. Call our mortgage broker team now on 0845 3 630 430 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.
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