Remortgaging

Homeowners may consider remortgaging to pay off an existing loan or to borrow additional funds to pay for home improvements, or simply because their fixed term has ended. A remortgage may be also required at a time when individuals wish to add another party to the mortgage and change whose name a property is held in, known as a Transfer of Equity. Our residential property solicitors based in Essex and London are legal experts in dealing with all manners of remortgaging.

These days, many lenders will offer a ‘free legal service’ with a straightforward remortgage. This removes the requirement for the borrower to instruct solicitors, though it means you will be unrepresented and receiving no legal advice on the matter.  This is not an issue on most run of the mill remortgage, however, it is not always available. Solicitors who do act upon these matters are instructed on the lender’s behalf, and for the benefit of the lender only. They will not advise the borrower on the mortgage offer terms or act in the borrower’s best interests.

Whilst remortgaging may sound straightforward, your new lender will usually require searches and an examination of the legal title to be carried out almost as though you were purchasing the property for the first time. As a result, the remortgaging process can take some weeks whilst all the necessary information is assembled. Your conveyancer has an obligation, not only to you, but also to your lender to ensure that their requirements are satisfied. Our residential property solicitors are well versed in the entire remortgaging procedure and are able to guide you seamlessly through the process.

Remortgaging Lawyers

Paul Berry

Partner

Anica Holderness

Partner

Alexandria (Lexie) Jacobs

Senior Associate

Linda Chew

Associate

Sara Madden

Associate

Rebecca March

Associate

Joanne Tappin

Associate

Kerry Curtis

Licensed Conveyancer

Sharyn De Araujo

Paralegal