Remortgaging Solicitors York, Wetherby & Malton
If you are looking to remortgage your home or a buy to let property, our knowledgeable conveyancing team can help you. We have helped many clients with the process of remortgaging and have exceptional understanding and expertise in this area.
The Ware & Kay conveyancing team regularly work with clients whose circumstances have changed or are remortgaging to get a better deal. Our solicitors will work closely with banks, building societies, or other mortgage lenders to ensure the process runs smoothly. To discuss your circumstances with us today, call now on 01904 716000 (York), 01937 583210 (Wetherby), 01653 692247 (Malton), or complete our online enquiry form and we will get back to you right away.
What is remortgaging?
Remortgaging is the process of taking out a new loan against your property to replace your existing mortgage, or where you wish to borrow money against the property.
Remortgaging doesn’t have to be complicated, and we will explain everything to you clearly and concisely, expertly guiding you through the process.
How do I remortgage a property?
There are several steps involved in remortgaging a property; therefore, it is essential to seek advice from an experienced team of remortgaging solicitors.
After you find the best deal, your lender will ask that you choose remortgaging solicitor. Your lender will outline specific legal requirements, and your solicitor will ensure compliance.
The mortgage lender will also make you a remortgage offer, in the same way they would for any standard mortgage.
It is the responsibility of your solicitor to check the title of the property and obtain required copies from the Land Registry. As part of this process, your solicitor will also carry out searches on the property, including access rights, mining, and other legal matters which might affect the property.
After these steps have been carried out, your solicitor will prepare the deeds, and you must sign them. Your solicitor will then register the remortgage with the Land Registry.
How much does it cost to remortgage?
Although remortgaging is often a method of getting a better deal and saving significant sums of money, there are costs involved in remortgaging. You may be liable for the following:
- Early repayment fee of your existing mortgage
- Deeds release or exit fees
- Mortgage arrangement fees
- Mortgage brokers fees
- Valuation fees
- Conveyancing fees paid to your solicitor for the legal work involved
We will always set out our costs in a transparent way, so you are never left with an unexpected legal bill. To discuss your remortgaging options with our team of conveyancing solicitors, get in touch with us today.
Contact our Remortgaging Lawyers in Yorkshire
The conveyancing team at Ware & Kay provides clear, jargon-free legal advice. We regularly advise clients all over Yorkshire, and whether you are remortgaging for the first time or an experienced property investor, our solicitors will guide you through every stage of the remortgaging process.