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Remortgage procedure

Tips and advice on how to use Landlord Vision.
stevenlawr
Posts:6
Joined:Mon Jun 13, 2016 9:16 am
Remortgage procedure

Postby stevenlawr » Thu Dec 01, 2016 10:23 pm

I'm remortgaging to get a better rate but unsure how to do this correctly in Landlord Vision. I think the process would be go to the existing mortgage and click Change Loan and fill in the new rate and start date, then go to Edit Mortgage and change Finance provider. However the new mortgage has an initial payment at a higher rate. How do I deal with this?

roy
Posts:80
Joined:Tue Aug 23, 2016 11:38 am
Location:United Kingdom

Re: Remortgage procedure

Postby roy » Fri Dec 09, 2016 5:58 pm

Hello

To record a remortgage you need to close the loan and create a new one. However the software helps you with this

Go into the mortgage and close it. It will then give you the option to remortgage. Follow the instructions to move the data through into the new mortgage, then you can set up your new details

Regards
Roy


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