Home » Services » Conveyancing Solicitors »
Remortgaging can be a great way of reducing your overall mortgage costs and to fix your expenditure. It can also be used to release some of the equity in your property, should this be required. When you are considering re-mortgaging, you will need a specialist conveyancing solicitor to guide you through the process.
What is Remortgaging?
Re-mortgaging is the process of moving from your current mortgage to a new one. You can stay with the same mortgage provider or move to a new one. It is the best way to find deals and adjusts your outgoings however you may need to.
Why Should you Remortgage?
- To find better deals (for instance on your monthly payment or to find a better interest rate)
- Transfer the equity of the property.
- To move to a flexible mortgage which allows you to take payment holidays and to over or under pay.
- Raising funds to buy someone out, complete home improvements, purchase expensive items such as cars or to make up a deposit for a second property.
Before remortgaging you need to consider what your financial situation will be after remortgaging. If you take on a bigger mortgage it will take longer to repay, and your monthly payments may increase and make it harder long term. There are costs such as early repayment fees, application fees and other legal costs to consider. While you may save money going forward, initial costs may not make this option viable for you.
Clear Advice Informed by Years of Experience
As you may be moving from one mortgage provider to another, and this can prove tricky, clear advice is essential. This way you will understand everything that is required of you, and you will be able to use this advice to complete the process without a hitch.
The Remortgaging Conveyancing Process
- Searches and collection of documents (similar to when you took out the first mortgage)
- Sending the Certificate of Title to the new mortgage provider (when they are happy, they will release the funds)
- Liaison with your current mortgage lender (your solicitor will find out how much is left to pay of your mortgage and use the fund released from the new provider to pay your existing mortgage off as well as any early repayment charges or exit fees)
- Registering the remortgage with Land Registry (there are fees for this also)
How long does the Remortgage Process Take?
The remortgage process takes between 4-8 weeks from start to finish.
Our Remortgage Service
Our Conveyancing team work with your new mortgage company to remove unnecessary administrative burdens and progress your re-mortgage as quickly as possible. We will take the jargon out of your mortgage offer and explain all legal issues in plain English. We will also be pro-active in progressing matters to move your transaction forward quickly. We will keep you continually informed of the work we do by regular text message updates.
Additional Services
- Right to Buy
- Buy To let
- Selling
- Other Services
- Equity Release
- Co-Habitation Agreements
- Lease Variation
- Property Transfer, Acquisition & Disposal
Speak with Expert Conveyancing Solicitors
We have been providing excellent conveyancing services since 1976. Driven by our expert solicitors who understand this area of law thoroughly. You speak with them today on 0844 800 9860.
“…a pleasure to work with. Raj gave us expert advice and helped us secure our purchase.” Mohammed, who accessed our Conveyancing service to secure a property. Mohammed was kept in regular contact with by Raj and Vicki, two of our expert conveyancing solicitors.
Our Approach
Our conveyancing solicitors are experts in the remortgage process and aim to make the re-mortgage process simple for you. We aim to provide exceptional customer service, by always being available to answer your queries and progressing matters quickly so you can enjoy the benefits of re-mortgaging.
Our Work
Our teams work proactively as soon as you instruct us, getting the ball rolling on your remortgage as soon as possible. Our administrators work with diligence to ensure your files are together and sent to the right parties. By keeping in regular contact with you, you will be aware of any hold-ups and any further documents needed to complete the process.
Our Clients
We work with anyone who is considering re-mortgaging their property. Whether you are in the initial stages and are looking into legal fees or are ready to start the process, we cannot wait to help you.
