Remortgage has proven itself to be a powerful lending tool capable of changing financial lives forever. House owners are able to secure a fixed rate mortgage loan which makes it possible to save money each month and gain access to valuable funds through the process. Most lenders made it possible to obtain remortgage after owning a property for at least six months. Now, some lenders are making it possible to obtain a remortgage on day one of owning the property.

Owning a home is one of the biggest moments in our lives. The excitement of house shopping, making an offer, and then securing a first residence is one of the greatest journeys of all. What happens though if a home is purchased through auction or another limited timescale and a remortgage is needed? Most lenders required a six month period of ownership before remortgage was even possible. That has now changed.

Some lenders are offering remortgage lending from day one of ownership to bridge the gap between conventional purchases and those completed under a specific time frame. So, borrowers are now not only able to secure remortgage with an exceptionally low, fixed rate, they can also remortgage from day one of ownership with some lenders. This service makes this market even more borrower-friendly.

Remortgage is a major decision and one which requires comparing deals and research for that perfect arrangement to fit the situation. Now, borrowers have been given even more flexibility in the way to proceed further and obtain the perfect deal for now and into the future.