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Thank you for looking at our conveyancing services.
A remortgage is when you change the mortgage on your property to a new lender. It is important to speak to a mortgage adviser who can go through the options with you.
There are many reasons you may wish to remortgage such as:
- To reduce the interest rate on your mortgage
- To fix your monthly payments and protect against possible future rate rises
- To raise money to carry out home improvements
- To raise a cash lump sum by releasing equity from your home
- Change in personal circumstances such as a marriage or divorce
- To consolidate your debts
We are qualified solicitors with the legal and technical expertise to resolve any issues in a professional and efficient manner.
We hold the CQS Accreditation, issued by the Law Society. This ensures we maintain the highest levels of client care.
We work on a fixed fee basis, so you will know exactly how much your remortage is going to cost from the outset.
If during the transaction there are any new developments which could lead to an additional cost, we will discuss the change in fees with you at the earliest opportunity and agree a way forward.
Our fees for a freehold remortgage are:
Chaps transfer fees (each)
Disbursements are costs related to your matter that are payable to third parties.
ID Check (each person)
Land Registry Fee (up to £500,000)
Bankruptcy Search (each)
Land Registry Pre Completion Search
We do not undertake mortgage or tax advice and we would recommend you seek advice from an independent mortgage broker or financial adviser.
A leasehold remortgage will be at a fee of £1050.00 plus VAT. We will confirm disbursements when we have the information.
A typical remortgage takes between 6 and 8 weeks, however it can be longer if there are any complications such as an application being rejected. The process may also take longer if you switch lenders compared with getting a new deal with your current mortgage company.
These may vary according to individual circumstances. They may be as follows:
- Taking your instructions and giving initial advice based on the information you have provided
- Requesting the Title Deeds and Redemption Statement
- Obtaining Official Copies of the Title
- Checking the Title
- Leasehold properties will require the lease to be checked and enquiries made if relevant
- Checking the mortgage offer
- Preparing for completion
- Requesting final redemption statement
- Requesting the mortgage advance
- Reporting to you