If you want to remortgage your property, our helpful and efficient remortgage solicitors are on hand to make the process as quick and stress-free as possible.
Whether you are looking for a better mortgage deal, you want to refurbish your home, you have other debts to pay off, or your financial circumstances have otherwise changed, we can provide clear, practical advice about the best way to proceed, deal with your bank, building society, or mortgage provider on your behalf, and take the necessary steps towards getting your remortgage finalised.
At Bird & Co we strongly believe in cost transparency and we strive to keep our fees as clear and understandable from the outset, enabling you to remain in full control of how much you spend on your remortgage. For an idea of how much your remortgage could cost, feel free to use our conveyancing calculator to the right of the page or call our conveyancing quote line on 01636 600656.
Get in touch with our remortgage solicitors today for more information and advice on remortgaging your home or buy-to-let by calling 01476 372 036 or by filling in our enquiry form.
We have offices across Lincolnshire and Nottinghamshire in Grantham, Lincoln, and Newark where you can visit us for face-to-face advice. We also specialise in providing online conveyancing services, so give us a call to deal with your remortgage entirely from the comfort of your own home if you wish.
What is a remortgage?
When you bought your property, it is highly likely you obtained a mortgage to cover some or most of the purchase price. Remortgaging is the process of replacing your existing mortgage with a new one. You may choose to remortgage because:
- You want to switch mortgage deals or lender to secure a better deal, such as lower interest rates.
- You want more flexibility about how you pay your mortgage, for example, an option to over or underpay or take payment holidays.
- You have other debts, such as credit cards and personal loans that you need to pay off by borrowing more money.
- You want to borrow more money for other reasons, for example to make home improvements.
We can provide knowledgeable advice if you are trying to decide whether remortgaging is the right option for you so you can make an informed decision.
Should you remortgage?
Remortgaging has the potential to save you a lot of money. However, before committing, you should always check the terms of your current mortgage to assess whether you will have to pay any early repayment fees, and the costs of your new mortgage (such as application fees, Land Registry searches, and survey fees). If the costs of switching deals exceeds the amount you would save by sticking with your current mortgage, you probably shouldn’t remortgage.
Our skilled remortgage lawyers can help you assess the costs of remortgaging, including quoting you competitive rates for our conveyancing services.
We cannot provide advice on which mortgage product is right for your circumstances and you should consult an independent mortgage broker or other financial advisor to ensure any mortgage you take out meets your own financial circumstances.
How long does a remortgage take?
Typically, remortgaging will take around four to eight weeks, depending on the particulars of your case. In some circumstances, it may take longer due to unexpected complications like an initial rejection.
You can also get a mortgage in principle agreed, usually up to three months in advance, by your lender if you don’t want your remortgage immediately but know you will want it in the future (for example, if your current deal is due to expire).
Do I need a solicitor to remortgage with the same lender?
You may not need a solicitor for remortgaging with the same lender if:
- You’re getting an advance (additional lending) on your existing mortgage
- You’re getting a ‘product transfer’, which means simply moving to a new rate or deal
However, even though you may have worked with your current mortgage lender for years, you may benefit from an independent remortgage solicitor’s advice to ensure the option you are choosing is right for you.
Do I need a solicitor to remortgage with a different lender?
Remortgaging with a different lender will involve your current mortgage being paid off in full and replaced with a new mortgage. For this, you will need a solicitor to deal with the formalities, such as liaising with your new lender, reviewing the mortgage documentation, and updating the charge at the Land Registry.
Why choose Bird & Co’s remortgaging lawyers?
At Bird & Co, we specialise in providing streamlined and efficient conveyancing services for clients across England, Wales, and the rest of the world. Our online services mean you don’t ever have to come to our offices if it’s inconvenient for you.
We are accredited by the Law Society in the Conveyancing Quality Scheme for our exceptional advice and representation across all conveyancing matters including, buying, selling, and remortgaging. We have experience with even the most complicated of property transactions, so, whatever the circumstances of your remortgage, we will be able to help.
Our devotion to the quality of our client services has also earned us a Law Society accreditation in Lexcel, a mark of excellence across all areas of client care and legal practice management.
Bird & Co is independently regulated by the Solicitors Regulation Authority (SRA).
Online remortgage conveyancing
We pride ourselves on maximising the benefits of modern technology to make your conveyancing experience with us as convenient as possible.
Where you don’t want to meet with us face-to-face, we can deal with your remortgage exclusively online, via email, over the phone, or via video messaging. Even important conveyancing documents can be exchanged online through our secure systems.
Our dedication to convenient conveyancing means we attract clients from all over the world, giving us a wealth of experience across all property transaction matters.
If you choose never to come to our offices, you will still receive the highest standards of care and attention from one of our expert remortgage solicitors, as well as a competitive, cost-effective fee package.
Our remortgage legal fees
We strive to ensure our fees are affordable and proportionate to the service you receive. When you instruct our remortgage conveyancing team, we will quote you a fixed fee for your entire transaction (subject to no unexpected delays or events) so you can stay fully in control of your overall spend.
We also aim to make third party costs, such as Land Registry search fees, as transparent as possible from the outset, so you won’t encounter any hidden surprises along the way.
Get in touch with our remortgaging solicitors today
Get in touch with our remortgage solicitors today for more information and advice on remortgaging your home or buy-to-let by calling 01476 372 036 or by filling in our enquiry form.