Where can I get a Day One Re-mortgage?

The majority of conventional mortgage lenders need you to have owned a home for 6-12 months before remortgaging it. This is known as the six month rule. This means that you cannot take out a new mortgage within 6-12 months of completion.

A day one mortgage is a type of mortgage that is specifically designed for those who want to remortgage their property within the six month period.

There are a few things to bear in mind if you are considering taking out a Day One remortgage. Firstly, you may find that the interest rates are a little higher than if you wait until after the six month period. Secondly, there may be additional fees and charges associated with taking out a Day One remortgage. Make sure you are aware of all the costs involved before you make a decision.

A broker like ourselves will be able to source a competitive day 1 remortgage.

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