Remortgage
Remortgage Solicitors
If you are switching your mortgage from your current lender to another, then you are re-mortgaging your home and need a solicitor to deal with the legalities.
It may be because you need to raise finance or simply to take advantage of a better mortgage deal. Either way, the new lender needs to know that there are no legal issues with your home that may affect its value.
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A remortgage is the process of moving your mortgage loan from one company and product to another. Although not as complex a process as buying a home, it still is advisable to appoint a solicitor carry out the legal work involved.
Once you have chosen your lender and preferred deal, you make a formal mortgage application and nominate a solicitor to progress things on your behalf.
They will undertake a number of tasks for you including:
- Checking the terms and conditions of the mortgage
- Checking your title deeds
- Conducting local searches if the lender requires it
- Submitting a `report on title’ to your new lender
- Preparing a mortgage deed and any relevant documents for signature
- Carrying out a Bankruptcy Search for each borrower
- Setting a date for completion
- Completing a Certificate on Title
- Requesting the mortgage advance in sufficient time for completion
- Registering your new mortgage at the Land Registry
- Returning your deeds to your new lender
Find a Property Solicitor locally or nationally from a range of fixed legal cost options and select a quality Solicitor to save you money – wigster.com “Compare Solicitors, Compare Prices”
