Thank you for looking at our property services. Making the decision to remortgage your home can be just as life changing as buying your first property.
A remortgage is when you either renegotiate with your current lender or 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 and make sure you get the right deal for your particular situation.
There are many reasons why 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 have an experienced team who understand the stress involved in re-mortgaging your property, who know how the banks, building societies and mortgage lenders work. Our expert team always aims to provide a first-class service by taking the stress away from you and dealing with matters on your behalf.
Good communication is key to making the remortgaging process as simple and stress-free as possible for you. Our team of highly qualified solicitors has the legal and technical “know how” to resolve any issues as they arise in a professional and efficient manner, while making sure everything you need to know is explained as clearly as possible.
We want you to feel confident that you are a priority, and so we aim to ensure that a member of our team is available to speak with you when you need some clarity at any stage in the remortgage process. We feel this provides reassurance and gives you an outlet for any concerns. We know that property is often the biggest investment you will have, so we want to offer a reliable, first-class service to protect that investment, while also providing value for money with no hidden fees.
We are proud to hold Lexcel and CQS Accreditations, issued by the Law Society. To obtain these accreditations, the firm must undergo a rigorous audit process that ensures we maintain high 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 that could lead to an additional cost, we will discuss any associated change in fees with you at the earliest opportunity and agree a way forward.
Land Registry Fee
The Land Registry will charge a registration fee depending on the amount of the loan on the following scale:
Value or amount
0 to £80,000
£80,001 to £100,000
£100,001 to £200,000
£200,001 to £500,000
£500,001 to £1,000,000
£1,000,001 and over
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
We do not undertake mortgage or tax advice, and we would recommend that you seek advice from an independent mortgage broker or financial adviser. We do not carry out valuations on your home, this will be conducted by your new lender.
A typical remortgage takes 6–8 weeks, but 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, rather than get a new deal with your current mortgage company.
Every transaction will involve certain key milestones, which may vary according to individual circumstances. These milestones usually include:
- 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.
- Checking Official Copies.
- 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.