Day one remortgage for cash purchase – failed score?Make Text Bigger
I completed on a new flat purchase around 5 weeks ago which I paid for in cash. When the property was surveyed by BTL valuers they deemed it uninhabitable and therefore I couldn’t obtain a mortgage on it.
I have now almost completed the necessary renovation works, but my broker informed me today that I’ve been turned down for Virgin Money’s day one remortgage (due to not scoring high enough points…) and she doesn’t have another option for me other than bridging finance.
Does anyone know of any other banks who still do mortgages within 6 months of ownership?
Thanks in advance,
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