Remortgaging

Re-mortgaging is the process of changing your mortgage product on a property that you already own. This may involve a new agreement with your existing mortgage lender, or you might decide to move to a different provider, especially if they are offering a better rate.

Our helpful conveyancers are on hand to finalise the legal completion of your re-mortgage quickly and efficiently.

Do I need to instruct a firm of Solicitors to handle my re-mortgage?

Some mortgage lenders have their own in-house legal teams to deal with re-mortgages, and you should check the position with your mortgage lender at the outset. If you are required to instruct a separate firm of Solicitors in relation to your re-mortgage, our friendly and experienced conveyancers are here to help.

What legal work is involved with a re-mortgage?

Once you have negotiated your new product with your chosen mortgage lender, you will need to appoint a conveyancer to handle the legal work associated with your re-mortgage. Often, your conveyancer will also be acting for your new mortgage lender. As part of the legal process, your conveyancer will review the terms of your mortgage offer, carry out certain legal checks, deal with the transfer of funds, and register your new mortgage with the Land Registry. Our residential property team have extensive experience working with banks and building societies and will provide you with clear advice and transparent pricing.

Thinking about re-mortgaging?

There are many reasons why people decide to re-mortgage. Whether you want to secure a better rate, invest in renovations, change to a buy-to-let product, or release equity our residential property team will guide you through the legal process with care and efficiency.

Contact our Residential Property Team today!

Whatever your reason for re-mortgaging, our conveyancers have the necessary expertise to ensure that your transaction is carried out as smoothly as possible.

A re-mortgage transaction can take more than eight weeks to complete, so it is worth starting the process at least three months before the end of your current deal. At Moore & Tibbits you will have direct contact with the individual conveyancer handling your re-mortgage and you will receive regular updates by phone and email. Call our experienced residential property team today on 01926 491181 to see how we can help.