Remortgaging a Property

What else you might like to know about Remortgaging a Property

There are many reasons why you might need to remortgage your property. A legal service provider is well placed to assist you to refinance in a way that best suits you. Here is some basic advice and guidance to help inform your choice of legal expert.

What is re-mortgaging?

Re-mortgaging refers to the process of moving your existing mortgage from your current lender to another lender.

Why do I need legal assistance to re-mortgage?

It is advisable to use the professional knowledge and expertise of a legal representative to ensure that the legal matters are dealt with correctly.

What will my legal representative actually do?

In a re-mortgage, your legal service provider will ensure that the necessary legal checks are carried out and will deal with the repayment of your existing mortgage.

How long will the process take?

The re-mortgage process is typically very quick and can be completed once your legal representative has completed the legal checks.

What are the advantages and disadvantages of re-mortgaging?

The main benefit of re-mortgaging a property is the possibility of saving money through a better mortgage deal. The disadvantages are that there may be charges for paying off the mortgage early or fees for switching to another provider.

How can I choose the best legal service provider?

It is worth considering a number of factors when choosing a legal expert to assist you with the sale and purchase of a property. You may wish to consider factors such as the location, reputation and cost of a firm. Answer a few short questions now and start comparing legal service providers based on what matters most to you.

How will my legal fees be calculated?

Legal service providers typically charge fixed fees for the re-mortgage of residential properties. Find the best solution for you by comparing costs with The Law Superstore now.