Remortgaging a Property

Remortgaging your home can be a great way to secure a better deal, release equity, or consolidate debts. However, the legal process can be complex if not handled efficiently. At Capital Property Lawyers, we make remortgaging fast, hassle-free, and fully transparent, ensuring that your new mortgage is completed without delays or unnecessary stress.

Unlike many firms where you’re left chasing updates, our dedicated solicitors keep you informed at every stage, so you always know exactly where your remortgage stands.

Our Step-by-Step Guide to Remortgaging

Step 1: Instruct Us as Your Conveyancing Solicitor

Once you decide to remortgage, instructing a solicitor early can help speed up the process. We’ll request all necessary details from your current lender and prepare the legal paperwork.

Step 2: Reviewing Your Mortgage Offer

Your new mortgage lender will issue a formal mortgage offer, which we will review carefully to ensure all terms are clear and in your best interest.

Step 3: Carrying Out Legal Checks

We will conduct essential legal checks, including:

• Reviewing your property title to ensure there are no legal issues.
• Checking for any restrictions or charges on the property that need to be addressed.
• Carrying out required searches (if requested by your lender).

Step 4: Redeeming Your Existing Mortgage

Once everything is in place, we will coordinate with your existing lender to pay off your current mortgage using the new loan. We ensure that any old charges on the property are removed from the Land Registry.

Step 5: Completion & Registration

On completion day, your new lender transfers the funds, and your new mortgage takes effect. We then register the new mortgage with the Land Registry, officially completing the process.

How to Speed Up Your Remortgage

Want to avoid delays and complete your remortgage faster? Here’s how you can help:

• Have Your Documents Ready – Providing your mortgage offer, ID, and proof of address quickly can prevent unnecessary hold-ups.
• Respond Promptly to Requests – The faster you return signed paperwork, the quicker we can proceed.
• Check Your Credit & Finances in Advance – Ensuring your credit history and financial situation are in good shape can help avoid issues with lender approvals.
• Instruct a Solicitor Early – Many people wait until they have a mortgage offer before instructing a solicitor, but starting early can speed up the process significantly.
• Keep in Touch with Your Mortgage Advisor – Regular communication with your broker or lender helps ensure everything moves smoothly.

Frequently Asked Questions

1. How long does remortgaging take?

The process typically takes 4-8 weeks, but we work efficiently to ensure there are no unnecessary delays.

2. Do I need a solicitor to remortgage?

Yes, most lenders require a solicitor to handle the legal work, such as redeeming your old mortgage and registering the new one.

3. Will I need to pay Stamp Duty when remortgaging?

No, Stamp Duty is not payable when remortgaging unless you’re transferring ownership at the same time.

4. Do I need to have property searches done?

Some lenders require fresh searches, but many accept no-search indemnity insurance to speed up the process. We’ll confirm your lender’s requirements.

5. Are there any fees involved in remortgaging?

Potential costs include:

• Lender’s arrangement fees
• Valuation fees (if required)
• Conveyancing fees (which we keep clear and competitive)

Why Choose Capital Property Lawyers for Your Remortgage?

Want to avoid delays and sell your home faster? Here’s how you can help:

• Dedicated Conveyancing Solicitors – Your case is handled by an expert, not a call centre.
• Fast & Efficient Process – We work proactively to complete your remortgage as quickly as possible.
• Clear & Transparent Communication – We keep you informed at every step, no chasing for updates.
• Five-Star Rated Service – Our clients consistently rate us five stars for professionalism, efficiency, and customer care.

Start Your Remortgaging Today

Looking to remortgage without the hassle? Contact Capital Property Lawyers today for a free, no-obligation quote.