There are a number of reasons why you might choose to remortgage your home or a buy-to-let investment property, including wanting to switch from one mortgage product to another (e.g. from variable rate to fixed rate), wanting to move from your current lender to a new provider or even wanting to access some of the value you have built up in your property via an equity release in order to fund home improvements or perhaps the purchase of a new car.
Whatever the driver, you will need to appoint a specialist remortgage solicitor to ensure that the process goes smoothly and that the new mortgage you are proposing to take is the right thing for you, bearing in mind your circumstances and the terms on which the mortgage has been offered.
Contrary to what you may have been told, the solicitor you appoint does not have to be a member of your new lender’s mortgage panel as you have the right to appoint a solicitor of your choice, and that includes a solicitor who is local to you and who you can see in person rather than only being able to contact through emails and telephone calls.
Based in Crewe, but serving the wider Cheshire and Staffordshire areas, the property solicitors in our residential conveyancing team are all highly experienced at what they do and used to advising borrowers and lenders on a range of remortgage transactions, both for freehold and leasehold properties, and whose aim is to ensure that your matter is dealt with as quickly as possible and with the minimum amount of hassle and stress.
Our remortgage conveyancing solicitors will:
- review your mortgage offer to make sure the terms are acceptable and do not impose any obligations that you are likely to find it difficult to comply with or which we consider unduly onerous or unusual;
- send you the paperwork you will need to complete in order to accept the offer, including the mortgage deed you will need to sign if you are happy to proceed;
- obtain a redemption statement from your existing lender so that you know how much you will have to pay to settle your current mortgage debt, including any early repayment charges that may apply;
- obtain and review the deeds to your property so that we can confirm to the lender that it represents good security for the amount of monies being loaned and also to flag up any potential issues we may discover – having of course first discussed these with you;
- carry out any searches your new mortgage provider requires, and make appropriate enquiries, for example to obtain planning documentation relating to a proposed nearby development which may impact on your lender’s decision to give approval to your loan;
- agree a date for completion of the remortgage, assuming you and the lender are still happy to proceed;
- receive the remortgage monies and use them to settle your existing mortgage and any other debts you have authorised us to pay, before sending you the balance; and
- cancel registration of your previous mortgage at the Land Registry and replace it with the submission of an application for registration of your new mortgage.
Why choose Step Legal Solicitors?
Our residential remortgage lawyers are all qualified professionals who have a wealth of experience in handling the remortgage of a vast array of properties, from family homes and holiday rentals to buy-to-let properties and large, privately owned residential investment portfolios.
We offer a fast and efficient service, for a fixed cost which covers all of your legal fees and the cost of disbursements (associated legal expenses) and which you can get an idea of before you instruct us by using our online conveyancing costs calculator.
You can also rest assured about the quality our work as every matter we take on will be under the direct supervision of the head of our residential property team, Anees Khan, who himself is a qualified solicitor with over ten years’ experience in the residential property sector.
We provide a free of charge Polish translation service for members of our local community who may be put off using an English lawyer due to worries about difficulties in communication, and have also created disabled-friendly, step-free offices for those of our clients who may have mobility issues, complemented by free visitor parking which can be made available upon request.
Want to find out more?
To discuss our residential property remortgage service, or any other residential conveyancing matter on which you may require help, you can call us for free on 0800 195 6412 or email us at firstname.lastname@example.org.
You can also pop into see us and have a chat at our offices in Crewe.
We can assist wherever you are based and in particular in areas local to Crewe, including Nantwich, Northwich, Sandbach, Macclesfield and Stoke-on-Trent.