Re-Mortgaging

Re-mortgages

“Professional and courteous, from the receptionist and office staff to the lawyer. Thoughtful and patient at such a difficult time which put me at my ease and made the whole experience far less painful than I expected.”


If you need to re-mortgage your property, our expert Conveyancing Solicitors will ensure the process runs smoothly. The new lender is likely to require checks on the title, conveyancing searches, and a valuation of your home. We will manage this for you and swiftly alert you to any potential problems as well as advise on solutions.


We hold a Conveyancing Quality Accreditation from the Law Society of England and Wales. Therefore, you can be confident that we have the expertise to deliver quality conveyancing advice, use a standardised process to recognise and reduce risk, and meet set expectations when providing conveyancing services. 


We pride ourselves on our responsiveness – you can trust that your phone calls and emails will be quickly returned/ answered, should you choose to instruct us.




Conveyancing Sidcup

What are the advantages of remortgaging your property?

The mortgage lending market is exceptionally competitive, and you may find that another lender can provide you with more advantageous terms. Remortgaging can also allow you to release equity in your home if you need cash to do renovations or a deposit for another property.

Why do I need a Conveyancing Solicitor to remortgage?

It is important to have a Solicitor manage the remortgaging process as there are many steps to the transaction. Your Solicitor will ask your current lender for a Redemption Statement which sets out how much is owing on your existing mortgage and any exit fees which must be paid. They will organise all the property checks required by the new lender and use their experience to ensure the valuation of the property is correct. They will also register the new mortgage details with the Land Registry.

How can we help?

We have served the community of South East London and North Kent for many years. Our Conveyancing law team has a deep understanding of the area and has built up strong relationships with local estate agents and mortgage brokers/financial advisors. 


Our Conveyancers will ensure that your remortgage application goes through as quickly and smoothly as possible, without compromising on the quality of the legal work required to protect your interests.


Our team can advise and represent you in all aspects of remortgaging your property. For a free consultation please call us on 0208 300 6666.

1 Hour Free Consultation

Sound legal advice is based on years of training, hard work, and passion, as well as familiarity with legislation and precedent and sound consideration. You’ll find all that and more at KLR Solicitors. 

We are currently only taking on Family Law, Conveyancing, Immigration, Wills & Probate work.


If you are looking for Legal aid that can help meet the costs of legal advice, family mediation and representation in a court or tribunal, please go to this link first to check your eligibility on the Gov.uk website.

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FAQs

Got a question? We’re here to help.
  • Why Re-Mortgage ?

    Most people want to Re-Mortgage for one of the following reasons.


    1. To release some funds from the increase in the equity of their property.
    2. To secure a different rate when a previous mortgage was no longer suitable to your circumstances.
    3. A better rate of interest due to changes in the market, since you originally purchased the property.

  • What are the initial stages ?

    We will write to you and will require proof of identification. Once we receive your signed agreement and your identity documents. We will then need to know your mortgage account, so we can obtain the deeds.

  • Checking your Deeds ?

    Once we have recieved the requested deeds from the current mortgage lender, and the details of the property from the Land registry. This will give us all the legal information with regard to the property, as well as the plan of the land.


    We will then check this over, as if it were a new purchase.

  • Will further Searches be required ?

    This depends on the lender and may not be required for a re-mortgage. Some lenders will accept an indemnity insurance, which negates the need for a brand new search, we can check to see which is the best action for you or required by the lender.

  • Will you check our mortgage offer.

    When the mortgage offer is recieved, we check it to ensure the price is correct and all the conditions are met. We will also write to you, to ensure you are aware of how much you are borrowing, the interest rates, the monthly payments and any other special conditions.

  • Documents for signature

    Once we have all the required documentation, mortgage offer, title documents and search (if requested) we will send this to you, or sign in our office if preferred.


    At this point we will request the required funds for completion. We will request a redemption statement, for the existing mortgage, so we can pay this down at completion, so the new mortgage is replaced.

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