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:
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.
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.
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.
18th May 2020
Last week the government announced key updates regarding the property market which may change the position of many people with regard to buying and selling properties. On Wednesday, it confirmed that the public can now visit property agents and view properties provided that social distancing measures are in place. All activities that support the sale or purchase of a property are also able to resume. Continue reading »
31st March 2020
Kiri Kkoshi, Head of Real Estate at Healys LLP, provides some advice to those in the process of buying and selling a home during the Coronavirus pandemic. Continue reading »
10th March 2020
Healys are delighted to announce that they have been shortlisted for the third time in three years to win “Mortgage Conveyancer of the Year” at The Mortgage Awards 2020. Continue reading »
4th March 2020
Does the buyer of a property ‘own’ it after contracts are exchanged but before the transaction is completed? The Court of Appeal’s answer to that fundamental question delivered a substantial Capital Gains Tax (CGT) saving to an off-plan flat buyer. Continue reading »
9th July 2020
3rd June 2020
Healys is pleased to announce that Partner and Head of Professional Negligence Robert Johnson has been shortlisted as a leader in his field by Who’s Who Legal. Continue reading »
28th May 2020
Jonathan acted on behalf of a 23 year old female in relation to her claim for clinical negligence that happened in 2015 at Whipps Cross Hospital in London. The Claimant had a relevant past gynaecological and obstetric history of a previous caesarean section in 2013 and previous laparotomy for ovarian cystectomy at 10 years of age. This was classified as a high risk pregnancy and the Claimant was referred to a Consultant in the Antenatal Clinic at Whipps Cross Hospital for review. The Claimant had elected to have a caesarean section. The Claimant had previously undergone an emergency lower segment caesarean section due to a failure to progress when having her first child. Continue reading »
27th May 2020