Our approachable and friendly Remortgage Solicitors are here to help if you’re planning to remortgage your home.
Remortgaging is quite common these days, for things like releasing equity, reducing how much you’re paying following interest rate changes or to pay off a lump sum.
But remortgaging isn’t for everyone, so it’s important to speak to a legal expert to find out if it’s the best option for you.
We offer an accessible and convenient remortgage service, so you can get the advice you need to make the process as quick and stress-free as possible.
We also offer competitive Remortgage Solicitors fees, and our expert team of Conveyancers and Solicitors are on hand to offer you the quality assured service that you expect.
More Information on Remortgaging
The legal process of remortgaging can be fairly straightforward as the Title of the property will already be in your name. Often, the lender you’ve selected will offer to pay for the associated legal fees.
And on the face of it, it might seem this represents good value and a cost saving.
But the lender may be more concerned with their own interests than yours, so it’s wise to have your own legal expert look at the documentation.
Our expertise in dealing with mortgage lenders means we can help you get a better deal - one that reflects your circumstances and reasons for wanting to remortgage.
We can also let you know if we believe remortgaging isn’t the best option for you.
Circumstances where it might not pay to remortgage include:
- A high early repayment charge, the prohibitive cost of which 'handcuffs' you to your current deal.
- The outstanding balance on your mortgage is too low to make remortgaging viable, once the relevant fees have been taken into account.
- The value of your house has decreased since taking out your mortgage, leaving you unable to secure a cheaper deal due to a higher loan-to-value ratio (the proportion of a property's value you need to borrow).
- Remortgaging includes several costs, from legal fees and Land Registry fees to search expenses.
How much will remortgaging cost? Contact us for a free remortgage quote.
Remortgaging Process and Timeline
Every remortgage transaction is different and each can take a different amount of time.
The average time it takes to remortgage is between 6-12 weeks, which varies from transaction to transaction.
We understand how important it is to resolve property matters quickly, especially when your family home is concerned. Our expert Solicitors will always aim to complete your transaction as quickly as possible.
With a full service available by phone, email and post, you can take care of everything when it's convenient for you.
To ensure you know from the start how much remortgaging your home will cost, we provide an itemised quote, so you can see a breakdown of the work we will undertake and related expenses.
We’ll let you know if any additional work is required, so you’re never caught out by unexpected remortgage fees.
For free initial legal advice call our Conveyancing Solicitors
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Simpson Millar is a national law firm with over 500 staff and offices in Bristol, Cardiff, Kingston-upon-Thames, Lancaster, Leeds, Liverpool, London, Manchester, Morecambe and Southport.