www.cherryplc.co.uk
FHL
DAY ONE REMORTGAGES
If you’re working with clients who are buying properties that aren’t immediately lettable, Foundation Home Loans can help once those essential works are complete.

We offer day one remortgage options, ideal for landlords and property investors who:
  • Have purchased a property - either privately with bridging finance or at auction as a cash sale
  • Completed necessary works to bring the property up to a lettable, mortgageable standard
  • Are now ready to refinance onto a longer-term product
Once those works are done, we can consider a remortgage application from day one of ownership, allowing the client to exit their initial funding method and onto a suitable buy to let mortgage with us.

Key criteria to remember:
  • Day one remortgage is available once the property meets lettable standards
  • Not available on our ‘special’ product ranges
  • Can consider at current open market value with additional capital raising allowed
If you’ve got a case like this in your pipeline - or want to understand more about how it works - get in touch with your IBDM or RAM today. We’ll be happy to talk it through

Phone: 0344 770 8032

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Cherry and CherryFind are trading names of “Cherry”.  Registered Office: The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent TN3 8AD.  Registered in England and Wales.  Company Registration Number: 05624666.  VAT Number: 874593966.


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