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    Speak to our award winning Remortgage Conveyancing Solicitors today. Taking out a remortgage on your existing home has many advantages from a financial point of view. It can help you:

    • save money by taking advanyage of a better mortgage rate
    • raise money for a major outgoing such as a child’s wedding
    • provide funds to extend a property and avoid moving home
    • consolidate debts by releasing equity in your home to pay off other loans, credit cards etc.

    But, the services of an experienced residential conveyancing solicitor will be essential to ensure your interests as the property owner are protected throughout the transaction, especially if you are moving from one lender to another.

    The grass is always greener

    Because banks and building societies are regularly introducing new finance products to the market, depending on the type of mortgage you currently hold and whether you are tied to a particular interest rate,  some householders can effectively save money by and reduce their monthly payments by remortgaging.

    In certain circumstances, for example, if your income increases, you may want to make higher mortgage payments in order to cut the length of the mortgage term.

    Re-mortgaging, rather than extending an existing mortgage, is another way of paying for improvement work to your home without necessarily costing you much more in monthly outgoings.

    Once you have decided to re-mortgage, to find the best financial deal at the lowest cost will require a certain amount of research. Mortgage brokers are specialists in this field and will offer remortgaging quotes from a variety of lenders to accommodate your wishes at no cost to you.

    It can also be worthwhile contacting your current mortgage supplier to see if it is willing to move you to a more advantageous deal.

    When you’ve done your sums, if you are happy to go ahead, you should contact a solicitor who is experienced in residential conveyancing for both freehold and leasehold properties.

    Although the procedure for a remortgage is simpler than for an original purchase, because the title deeds remain in the same name, there are still a number of legal processes which must be completed.

    Whether you are staying with your existing lender or going to a new one, a valuation of your home will be ed and a full mortgage application form completed.

    Your solicitor must then check the deeds and any other documentation such as charges on the property, conduct local authority searches, and act as the intermediary for repaying the existing mortgage and transferring funds for the new remortgage.

    Remortgage Conveyancing Solicitors of London and Brighton

    Healys has a dedicated and experienced team of Remortgage Conveyancing Solicitors in London and Brighton. We can carry out the detailed work involved in remortgaging cost-effectively and efficiently.

    The professional and experienced team understands that with deadlines to be met and a large amount of money involved, you need the peace of mind which comes from using lawyers and ancillary staff dedicated to your needs. We are here to provide the hassle-free service you are looking for.

    Wherever you are in the UK, if you require first-class legal services for conveyancing, Healys’ Remortgage Conveyancing Solicitors will be able to help – providing jargon-free advice at every stage of the procedure and ensuring the transaction is conducted as quickly and smoothly as possible.

    For more information and advice on costs of Healys’ remortgaging conveyancing services, please contact us today. 

    Call Us Today
    Call our London office on 020 7822 4000 or our Brighton office on 01273 685 888. You can also contact us online.
    Call Us Today
    London: 020 7822 4000 Brighton: 01273 685 888 Or you can contact us online: Contact Us
    Remortgaging capabilities
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    Remortgaging insights
    • Stamp Duty Holiday

      10th July 2020

      Partner & Head of Real Estate, Kiri Kkoshi, comments on the recent government announcement regarding stamp duty holiday.

      In a move designed to revitalise the property market, the government has introduced a temporary Stamp Duty “holiday”. Continue reading »

    Remortgaging awards
    • Winner of the MoneyAge Mortgage Conveyancer of the Year 2018
    • Shortlisted for the "Regional Conveyancing Firm of the Year” at The LFS Conveyancing Awards 2018.
    Remortgaging news
    • Spring Budget 2021 Change ‘Generation Rent to Generation Buy’

      3rd March 2021

      In a bid to keep the UK economy stable, Chancellor Rishi Sunak announces new plans to support home buyers

      During today’s Spring Budget announcement, the chancellor confirmed that he would boost support for home buyers through a mortgage guarantee.

      Several major lenders including Natwest, Lloyds, Barclays, Santander and HSBC have agreed to provide 95% mortgages to home buyers in return for a government guarantee on those mortgages.

      Low-deposit mortgage accessibility has declined since the pandemic started, which has made home-ownership unreachable for many. But the government hopes that these plans will give more people the support and opportunity to buy their own homes.

      It was also announced that the Stamp Duty Land Tax holiday in England and Northern Ireland will be extended for purchases up to £500,000 until the 30th June, meaning home buyers avoid the stamp duty levy on purchases under that amount. After this date, the starting rate of Stamp Duty will be £250,000 until the end of September, before returning to the previous level of £125,000.

      Daniel Winslow, Partner and Head of Leasehold Services at Healys LLP comments:

      “In the end then the announcement was largely as anticipated, but for perhaps a few additional reveals here and there. In my view extending the SDLT holiday will provide a much needed crutch for the economy to rest its weight whilst its other limbs scramble for footing as we move out of lockdown. The tapering back of the SDLT thresholds is also an interesting development and one which I am in favour of. Suddenly stopping the SDLT holiday (whether at the end of March or the end of June) would have almost certainly lead to a shock to the market and to the economy as a whole. By delaying and then tapering back the SDLT limit (and introducing the 95% mortgages) the government clearly hopes to either stop that from happening completely or at least turn that cliff edge many have been talking about into a downward hill to an eventual (hopefully high) plateau. If property transactions do decline then by the time we all get to that plateau the economy will hopefully be ready to throw away its crutch and start running!

      “In terms of the 95% mortgages, I think this is an excellent introduction, provided of course it is done safely. It will give many perfectly worthy potential homeowners the chance to achieve their dreams where previously they would have been priced out of the market. Much talk has been made of a lack of housing stock, but when has there ever been enough housing? Also, who says only the cash rich should be entitled to be homeowners? I think it helps provide a level playing field, and it is one that I am all for.”

      Healys LLP are award winning conveyancing solicitors based in London, Brighton & Sussex. Our conveyancing solicitors have a vast amount of experience in property law and we deal with all aspects, including the purchases & sales of homes, freeholds, leaseholds, shared ownership schemes, remortgaging, lease extensions and more. For more legal updates or legal advice, please visit Healys LLP’s website.