Improve interest rates or reduce mortgage fees with our
Accredited Remortgaging Solicitors
Our remortgaging solicitors help homeowners remortgage their property to fit their financial needs. Talk to our expert advisors in conveyancing and be guided through the remortgaging process. We will work closely with your current mortgage lender, and your new one, to make sure that the legal work runs smoothly. Get a no-obligation conveyancing quote and begin the process to improved interest rates or reduced mortgage fees.
“Asad was appointed to take care of my sale and provided a very good service for me under quite difficult circumstances, as he also needed to deal with the transfer of my existing tenants to the new owner. I would be more than happy to use Leonard’s again based on my experience.”
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Remortgage Solicitors for Conveyancing
There are many reasons for homeowners looking to remortgage their property. You may be looking to get a better deal, extend the loan agreement to lower your monthly costs, or pay off your mortgage more quickly. Whatever the reason, you can rely on our remortgaging solicitors to provide quality legal advice and assistance with completing the transaction.
Once you have been accepted for a remortgage, our experts will help get the get started. Get a no-obligation remortgage conveyancing quote in just a few clicks from our online calculator, or if you’ve prefer to speak to a specialist remortgaging lawyer, call our conveyancing team on 023 8023 4433 during office hours. Alternatively, fill out our contact form and we’ll call you back.
In addition to the advice from our remortgaging solicitors, you may also find these resources useful:
Our Remortgage Conveyancing Process
01
We verify your identity
We take your ID to verify you and anyone else on the mortgage agreement.
02
We check the source of your funds
We may need to submit an Anti-money Laundering (AML) check, so we may ask for documents that detail your savings, pensions, property sales, inheritance, and share of sales or dividends.
03
We check HM Land Registry for title deeds
We will obtain the title registration documents for your property from HM Land Registry, which confirms you are the legal owner.
04
We review your mortgage offer
Your lender will release your mortgage offer to us, where we will to satisfy the lender’s requirements.
05
We request your current mortgage statement
We will ask your existing mortgage lender to provide an up-to-date mortgage statement so that we can confirm the amount required to redeem the mortgage. The outstanding balance will be repaid when the conveyancing process is complete.
06
We apply for local authority searches
If your lender requires us to perform local authority searches, we can seek to negotiate a search indemnity policy instead. This will make the process faster and reduce costs.
07
We perform an official search with priority and bankruptcy check
We will carry our a pre-completion Official search with priority: whole title (OS1). This prevents any other charges being registered against the property and the registered title cannot be changed until after the remortgage process is completed. We will also carry out a bankruptcy check to make sure that none of the legal owners is bankrupt.
08
We send the Certificate of Title
Once we are satisfied that you and anyone else on the agreement and the property meet all of the new lender’s conditions, we agree on a completion date. You remortgaging solicitor will send the ‘Certificate of Title’ to your new lender confirming that all the checks relating to the property have passed their conditions. We will then request the lender to release the remortgage funds.
09
Completion day!
Before completion, we will send you a statement that confirm:
- Any outstanding balance that you must pay to complete the remortgage or;
- The money that you will receive once the remortgage process completes
The statement defines the mortgage advance from the new lender and includes an itemised list of fees and disbursements incurred during the conveyancing process. On receipt of your funds from your new lender, we will use this to repay your current mortgage, and any legal fees and disbursements acquired from the lender. If you have taken out a larger mortgage where funds are intended for other purposes, these will be paid to you.
10
After completion
After completion, we will register the new mortgage with HM Land Registry.
FAQ’s
What is a remortgage?
Remortgaging a property typically involves changing your current mortgage provider to a different lender. However, even if you stay with the same lender but there are significant changes to the terms of your mortgage (such as borrowing more money, extending the loan period, or changing the type of mortgage), legal work may still be required. In such cases, a conveyancer or solicitor will be needed to handle the legal aspects of the remortgage, such as updating the Land Registry and ensuring the new mortgage terms are legally binding.
Can I remortgage?
You should be able to remortgage if:
- The value of your property has increased since you brought it, which gives more equity to release
- Your financial circumstances are the same or improved since you got your current mortgage
How long does remortgaging take?
Remortgage conveyancing normally takes quicker than those of purchasing a property but does depend on the complexity of the transaction and time spent on correspondence between the lenders. You can usually expect to be completed within six weeks to four months.
