Remortgaging

As a homeowner, at some point you may wish to consider remortgaging – either to take advantage of a better mortgage deal or to release money from your property.

We make remortgaging as quick and simple as possible.  We will guide you through the process, taking care of any paperwork and legal checks. We will also review the key terms of your new mortgage offer so you don’t uncover any surprises further down the line.

Our friendly lawyers are experts in all areas of property law but will always speak your language – not legal jargon, giving you the confidence that you are making the right decisions at every stage.

Stages of the process

We deal with the remortgage of both freehold and leasehold property.  The key stages are as follows:

1. To take your instructions (usually by telephone or email) and give you initial advice
2. We will download Land Registry documents for your property and check the Title on behalf your new mortgage lender; we may need to ask you a few questions about the property such as whether there have been any alterations that will have required planning permission or building regulation approval
3. We will check whether your new mortgage lender requires us to undertake searches or whether we can use search indemnity insurance instead
4. When your mortgage offer is issued we will advise you on the key terms and arrange for the new mortgage paperwork to be signed by you
5. We will obtain a redemption statement from any existing mortgage lender, then liaise with you to agree a suitable completion date
6. We will prepare a completion statement calculating any surplus or shortfall funds due to or from you as the case may be
7. On the day of completion, we will receive the new mortgage funds directly from your new lender and distribute funds appropriately
8. We will deal with Land Registry formalities to ensure that the new mortgage lender’s interest is noted on the Land Register

How much will it cost?

Click here to see some detailed costs information.