Remortgaging your Home

Remortgaging your home with Newtons Solicitors ensures an efficient and smooth process from a friendly team of experts.

Remortgaging  – where you pay off your existing mortgage and switch to another lender.

You may be looking to benefit from a new rate or want to release some of the capital tied up in your property. In either case, we can make it happen and ensure that the process runs as smoothly as possible.

If you intend to re-mortgage your home, many of the processes of the initial property purchase will still apply. As far as the lender is concerned, even if you aren’t moving home, the property is still regarded as a new mortgage with the same paperwork required as the original purchase.

Re-mortgaging your home with Newtons Solicitors ensures an efficient and smooth process from a friendly team of legal experts.

“Thank you very much for making the sale / purchase /re-mortgage of my properties a smooth process.Your efficiency in dealing with all queries was outstanding and we wouldn’t hesitate to recommend your services to anyone else.”

The process

Title deeds and redemption statement are requested from your existing lender. The redemption statement confirms the amount still to pay against the current mortgage.

Depending on the lender, after an offer has been received searches may need to be carried out. After satisfactory searches have been made, the mortgage deed, redemption statement and any other outstanding loan information will be sent out to you and completion date agreed.

On the day of completion the existing mortgage is paid off, legal fees paid and any remaining monies set to you.

The new mortgage is then registered at the Land Registry and a copy will be sent to you.

Our residential property team is here to help

We will handle everything for you, from the legal title investigations through to searches and the management of the cash transaction. Please call us to find out how we can help.

We can talk on the phone or  arrange a meeting where we can discuss your options and give you a clear idea of timeframes and costs.

Alternatively, please contact us online and we’ll call you back when it’s convenient for you.