Why do you need a solicitor for a remortgage?

If you are remortgaging away from your current lender and taking out a mortgage with another lender then you will most certainly need a solicitor to help you. A solicitor would be needed to transfer funds from your new lender to pay off your previous lender. 

In most cases lenders offer mortgage products with a free legal service so there may be no legal cost. This is dependable on your circumstances in all honesty. Some buy to let mortgage products don’t come with free legal service and you may have to pay for a solicitor.

How long does a remortgage take?

The remortgage process can take up to 12 weeks to complete however property conveyancing can be complex especially if the property is a flat and at times freeholders are not known. Your mortgage broker will be able to guide you through the remortgaging process. 

To find out more about the remortgage process please click here.

Why do I need to remortgage? 

There is no simple answer to this question and it totally depends on what you are trying to achieve. Reasons why you might remortgage are as follows, 

• Your current mortgage product might be coming to an end and you want to find a better rate 
• You may want to remortgage to raise additional money for home improvements, buy another property or possibly debt consolidation.
• Your personal circumstances may have changed and you need to find a mortgage product that best fits your current circumstances.

To find out more about remortgaging then please click here.

How can we help?

With our years of experience we are able to recommend mortgage products that are suited to your financial situation. We are able to search the whole of market to find products that suits your needs. Please get in touch if you would like to speak to us.