Remortgaging & Refinancing Solicitors
Refinancing and remortgaging, where your financial goals meet our expertise for a seamless journey towards your home's financial optimisation
Whether you’re eyeing a better interest rate, dreaming of home improvements, or navigating a shift in your financial landscape, we’re here to guide you every step of the way. We recognise the urgency inherent in these decisions, which is why we assign each client a dedicated contact. From start to finish, you’ll have a trusted partner ensuring a swift, dependable, and stress-free experience.
Our team’s deep expertise ensures that every aspect of your property transaction is handled with precision and attention to detail. Whether you’re navigating a complex legal issue or seeking guidance on a straightforward remortgage, we have the knowledge and experience to guide you through every step of the process.
We’re proud to announce that we are approved to act for all major mortgage lenders in England and Wales. What does this mean for you? It means seamless transactions, expedited processes, and unparalleled reliability. With our approval from all major mortgage lenders, you can rest assured that your mortgage needs will be handled with expertise and efficiency. Whether you’re buying, selling, or refinancing, trust us to navigate the complexities of the mortgage landscape on your behalf.
For quick advice look at our free checklist on what you should do before re-mortgaging.
Wherever you are on your journey, our legal advisors can help. Call us today on 0330 024 0333 or use the button below to complete our contact form.
Our Remortgaging & Refinancing Team
How Our Remortgaging & Refinancing Experts Can Help
Title Deeds Verification Service
Our Title Deeds Verification Service offers a meticulous review of your property’s title deeds, guaranteeing alignment with the specifications of your prospective mortgage lender. We meticulously examine the title deeds to ensure compliance with your lender’s criteria, facilitating a seamless transition to your new mortgage.
Compliance With Remortgage Terms
Our dedicated team is committed to meticulously ensuring that you meet all the stringent terms and conditions set forth by your new lender. By leveraging our expertise and attention to detail, we guarantee seamless compliance with your lender’s unique requirements, safeguarding your interests and facilitating a smooth transition to your remortgage.
Land Registry Update
In addition to facilitating the completion process, we offer a comprehensive solution to update the title deeds of your property with the Land Registry. Our efficient service ensures that your property’s legal documentation is promptly and accurately updated, providing you with peace of mind and assurance in your property transactions.
Mortgage terms
Our seasoned property solicitors are here to decipher the intricacies of your remortgage or refinance terms. From interest rates to repayment schedules, we provide personalised guidance tailored to your needs. Gain clarity and confidence in your financial decisions with our expert support.
Streamlined Mortgage Redemption
We handle every aspect of the process seamlessly, from obtaining the mortgage advance to redeeming any existing mortgage you may have. Whether you’re upgrading to a new property or looking to clear your current mortgage obligations, trust us to navigate the intricacies with precision and expertise.
Why Choose Us?
Our property team blends expertise, local insight, and top-tier customer service, surpassing firms focused solely on "free legals" remortgages. Benefit from precise, detail-oriented assistance, tailored local market knowledge, and unwavering support at every step.
We connect you with top-tier mortgage brokers and independent financial advisors, selected for their expertise and client-focused approach. Get personalised guidance and access to a wide range of mortgage products tailored to your needs
We're approved to act for all major lenders in England and Wales. Our expertise ensures seamless transactions and expedited processes, making your experience reliable and efficient.
Remortgaging & Refinancing Frequently Asked Questions
Remortgaging is when you move your mortgage on your existing property from one lender to another. However, you can also remortgage with the same lender by simply moving from one mortgage product with them, to another. The equity you have in your home will be used as security for the remortgage, in the same way that an initial deposit is used when you first purchase a property.
You may be considering remortgaging for a number of reasons. You may be coming to the end of your existing fixed rate mortgage deal and don’t want to move onto your current lender’s variable rate, or you may want to use the end of the current deal as an opportunity to utilise the equity in your home and borrow more money against your property to withdraw cash. Whatever your motivation for remortgaging, we’re here to guide you through the process.
While you may be considering refinancing to secure a better rate, or to utilise some of your equity and withdraw cash, there are some risks associated with remortgaging.
If you’re still within a fixed-fee period there are likely to be fees to ending your current mortgage early. These can be thousands of pounds, so it’s worth weighing up if the benefits of remortgaging will be wiped out by the cost of these fees. Remortgaging by extending the length of your mortgage will also increase the overall cost of your loan, as you’ll be paying more interest over the course of the loan. Finally, it’s also important to remember that when you take out a mortgage on your home (whether an initial mortgage or by remortgaging), your home acts as the collateral against the loan, so if you find yourself unable to keep up with the repayments, the property can be repossessed.
The remortgage process typically takes between four and eight weeks, although the amount of time it takes will depend on each individual’s personal circumstances
Although most lenders will require you to have at least 5% equity in your home, so a loan-to-value (LTV) ratio of 95%, to stand the best chance of securing the best remortgage deal you should have at least 20% equity in your home (a 80% LTV ratio). You may still be able to remortgage with no equity in your home at all, but this is usually quite difficult and is likely to require someone to act a guarantor.
What Our Clients Say About Us
How The Remortgaging & Refinancing Process Works
Not everyone is aware of how the process of engaging Remortgaging & Refinancing solicitors works, so we’ve provided an overview below to give you some peace of mind
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The first stage is to get in touch with us using the button below – you will then be assigned to one of our Remortgaging & Refinancing specialists. Alternatively, you can reach us on 0330 024 0333.
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You’ll then receive a free 15-minute consultation within 24 hours via Zoom or telephone to discuss the issues you’re facing.
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You are then provided with a transparent breakdown of our costs and, if you would like to proceed, we send you a pack of onboarding documents
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Following this, we will guide and support you through the process of achieving a resolution that works for you and your family.
Free Checklist
What should you do before remortgaging?
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Calculate how much equity you have in your home – do some research to see how much your property could be worth to find your loan-to-value (LTV) ratio. You can do this by dividing the amount you still owe on your mortgage by the current value of your property (and then multiplying this by 100).
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Check your credit rating – access your credit report for free through one of the big credit agencies to view your history of credit cards, loans, overdrafts, mortgages, mobile phone contracts and even some utility payments over the past six years. Once you've checked your credit report, you’ll be in a better position to see where (if any) improvements can be made before you apply for your remortgage.
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Don’t apply for credit just before you remortgage – applying for credit within six months of remortgaging could increase your debt-to-income ratio. Lenders use this to determine your ability to repay any mortgage loans, so an increase in your ratio could make lenders wary that you may not be able to meet the repayments of the mortgage.
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Check if you need to pay an early repayment fee – most mortgages will have an early repayment charge if you remortgage before the end date. As this fee can be thousands of pounds it’s definitely worth making sure you remortgage after this date (even if it’s the next working day) if you’re able to. If your current mortgage doesn’t have a charge, for example you may be on a variable rate rather than a fixed fee product, then you’re free to remortgage at any time.
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Start the remortgage process early – you can usually lock in a remortgage offer three to six months before your current mortgage deal ends. However, be cautious of any fees involved with securing this rate early (such as arrangement fees). It’s important to weigh up the cost of any fees involved to secure the deal early, vs waiting to see what happens to interest rates. If you change your mind and switch to a better deal (after you’ve ‘locked in’ a rate, it’s likely you’ll lose any fees you’ve already paid, and may have to pay them again for the new deal as well.
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Get your paperwork in order – You’ll need to provide the same amount of paperwork as you did when you initially applied for your mortgage. Therefore it’s a good idea to get this all ready to hand to help speed up the process. This can include your last three months' bank statements and payslips (including proof of any overtime or commission), your latest P60, proof of ID and proof of address.
Featured Property Services
Buy-to-let Services
Whether you’re a first-time investor, or already have a portfolio of properties, we can support you through the complexities of buying or selling a buy-to-let property.
Buying a Property
Buying a house and moving home can be a stressful process. Our specialist team will make your journey as straightforward as possible and guide you through one of the most important moments in your life.
Wherever you are on your journey, our Remortgaging & Refinancing specialists are here to answer any questions you might have
If you’d like to speak to a member of our team, please fill out the enquiry form. We will aim to reply to your query within 2 hours
Need to talk to someone sooner? You can call use at the number below
