There are many different reasons why a property owner may decide to re-mortgage. They could be seeking to release equity in order to invest elsewhere, to gain security by way of a fixed rate mortgage when their existing mortgage is on a variable or tracker rate, or because they have found a better mortgage rate elsewhere compared to the one they are currently on.
You will need to instruct a solicitor to help you complete the re-mortgaging process, in order to satisfy your mortgage lender’s requirements and to negotiate the complicated legal work involved in this.
Our charges will be £350 plus VAT. The total price paid by a client, including our fees, VAT, searches (where required), costs and taxes for a re-mortgage of a property range from £516.20 - £918.20
We provide reliable estimates based on your details. please telephone our staff on 01709 582434 who would be happy to assist you.
The costs information given here is general. Please contact us and we will give you a more precise and personalised quotation when we have discussed with you your individual matter.
How long will my re-mortgage take?
The re-mortgaging process will often be completed more quickly than when you bought your home, provided that you can satisfy the requirements of your new mortgage lender.
There will not be the same requirement for your conveyancing solicitor to raise legal inquiries and investigate the legal title, as this work will have been completed at the time of the initial purchase.
Once you have received a new mortgage offer, a re-mortgage can often be completed within a matter of weeks. However, there can be restrictions and charges that can prevent the property from being registered with the new mortgage interest, and it is important that these are investigated thoroughly.
There are a number of steps in the re-mortgaging conveyancing process that must be completed carefully to ensure that your re-mortgage will be approved without any unnecessary delays. The average process takes between 4 to 6 weeks but It can be quicker or slower, depending on the complexities of your transaction
What are the stages of a Re-mortgage?
The precise stages involved in the re-mortgaging of a residential property vary according to the circumstances. However, below we have set out some key stages of the transaction:
To obtain a quote telephone us and our staff would be pleased to help.