- Remortgage to 95%
- Capital Raising
- Debt Consolidation
- Remortgage within 6 months
- No maximum age for residential & buy to let mortgages
- No Credit Scoring Application for Some Lenders
- Common Sense Underwriting
Properties that are mortgage free are often termed “unencumbered”. An “Unencumbered Remortgage” refers to those mortgages that are taken out on mortgage free properties.
We can usually assist clients raise money from mortgage free or “unencumbered” properties for any legal purpose, however the main reasons could be for:
- Home improvements
- Debt consolidation
- Additional property purchases such as a buy to let, second or holiday home
- Purchasing cars and holidays
- To pay School Fees
A lot of clients that we can help may have recently acquired the property, or be about to acquire the property either through an auction purchase, cash purchase, family gift, probate or inheritance.
We are often told by clients that the lenders they have approached to help them with their remortgage will not permit them to take out a mortgage, if they have not owned the property for at least 6 months, or in some cases, 12 months.
We can look to assist clients arrange a remortgage even if they have not owned the property for at least 6 months, providing there is evidence of the original transaction e.g. the source funds for a cash purchase.
We appreciate that everyone’s situation is unique and no one case is ever the same. That is why we take a look at the whole background and circumstances and assess each case on its own merits.
If you wish us to take a look at an unencumbered remortgage for you, why not get in touch either by completing the enquiry form or for an immediate response calling on us on our enquiry line.