If you want to remortgage your own home or a buy to let property, the team at The Law House are on hand to help. Our experienced and skilled remortgaging solicitors aim to make the conveyancing process as quick, easy and stress-free as possible.
Why might you want to remortgage?
Remortgaging involves taking out a new mortgage on a property that you own. There are many different reasons to do this. For example, your current fixed term mortgage agreement may be coming to an end, meaning it’s time to find a new deal. Alternatively, you might simply be searching for a better interest rate. Another reason to remortgage is if your home has risen in value, putting you into a lower loan-to-value bracket and therefore making you eligible for more competitive interest rates.
Perhaps you want to overpay on your mortgage so that you can clear your debt more quickly and save money in the long term. It’s common for people to do this if their financial circumstances improve, for example if they come into an inheritance or get a pay rise. You might also want to remortgage if you’re keen to switch to a new deal that offers greater flexibility, such as the option of taking a payment holiday. In addition, many people remortgage in order to borrow more money against their homes, for example to make improvements to their properties or to clear other debts.
How long will it take to remortgage?
It’s important to give yourself enough time to complete the remortgaging process. Each transaction is different and there is no set rule in terms of how long this takes, but experts advise that you start looking for remortgage deals at least 12 to 14 weeks before you want the transaction to complete. This is because it takes time to find a suitable deal, fill in the relevant paperwork and complete the new arrangement. Getting the process underway sooner rather than later can help you to keep your stress levels down and ensure you get the best possible results.
What are the benefits of using a solicitor?
One way to make sure your remortgage runs as smoothly and speedily as possible is to enlist the help of a remortgaging solicitor. These experts will perform a number of essential tasks on your behalf, including requesting the title deeds of your property and a redemption statement for your current mortgage. They will also conduct local searches if required, carefully scrutinise the remortgage offer, set a date for completion and register your remortgage with the Land Registry.
A remortgage solicitor will also send you copies of all the relevant mortgage documentation and, throughout the process, they will be on hand to answer your questions and offer any information and advice you need.
Why choose The Law House?
Our conveyancing and property team at The Law House are perfectly placed to help you remortgage. We offer a personal, tailor-made service designed to fit your exact requirements. When you come to us for help with a transaction of this kind, you’ll always deal with the same person and your call will be returned the same day. Our solicitors aim to take the confusion out of remortgaging and will provide you with clear information at each stage of the process. They are always happy to answer your questions and offer advice.
If you would like to know more about our services, don’t hesitate to get in touch with our experts. You can reach us by email, online form or phone, and you can also contact us via Facebook, Twitter and LinkedIn.