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Our specialist conveyancing team aim to make the conveyancing process as simple and stress-free as possible.
Remortgaging is when you change your current mortgage deal with another. This could be changing the terms of your existing mortgage with your current lender (which lenders sometimes offer at the end of your current fixed interest period) or it can mean changing lenders all together. Our specialist conveyancing team aim to make the conveyancing process as simple and stress-free as possible.
If you are remortgaging your property, you will need a property lawyer to represent your interests as well as those of the lender.
When you remortgage the lender will be holding the deeds to your house and therefore you need a conveyancer, or a solicitor involved in the process. The conveyancing process starts once an offer has been made by a lender and the owner of the property has confirmed and accepted that offer.
When remortgaging a leasehold property the conveyancing process involves additional steps beyond the standard process which your conveyancer can assist you with.
Firstly, they will need to check that the length of time remaining on the lease meets your new mortgage lender’s requirements. Many lenders will be reluctant to offer a mortgage on a leasehold property with 70 years or fewer left on the lease.
Your conveyancer will also need to collect details of your service charges and ground rent from your landlord or their agent, as well as a copy of the property’s buildings insurance documents.
You will also need to provide a copy of your lease (which you should have) to your new mortgage lender. If you do not have a copy of your lease, your conveyancer can request one from the Land Registry.