Remortgage solicitors

What is a remortgage?

Remortgaging is the process of switching your mortgage to a better deal, or for other reasons like releasing equity from your property. It can be with your existing lender or a completely different one. Your property is used as security throughout the process.

You may have heard the term ‘product transfer’ when dealing with your remortgage query, so it’s important to know the difference.

A product transfer is the act of moving to a new deal with your existing lender. Most of the time, you don’t need legal help. A remortgage is switching your lender.

There are many lenders who will offer ‘free legals’ when extending their remortgage packages. This means they’ll assign a solicitor that’ll act for you and them at the same time. This can be useful if your case is straightforward, but for more complex cases, you may want to find your own solicitor who has only your interests in mind.

The remortgage process and what to expect

Each case is different and usually, there isn’t a one size fits all approach. Timeframes and costs can differ, so your solicitor will be able to give you more accurate estimates throughout your process. However, knowing what you can expect at each stage can make a remortgage case feel much easier to navigate.

Step 1 – Once you’ve selected us as your solicitors to manage your case, we’ll begin to collect all the relevant information. We’ll need to gather your ID and complete necessary checks.

Step 2 – We’ll review your new mortgage offer once it’s been issued by your lender. We’ll ensure everything makes sense and is in order before carrying on with the process.

Step 3 – Next, we’ll check the title on your property and raise queries if necessary. You may need additional searches, but this will depend on your lender’s requirements.

Step 4 – We’ll discuss the offer with you and anything else that you should know about. Once you’re satisfied, you’ll sign the new mortgage deed.

Step 5 – At the completion stage, your new lender will release funds, and your existing mortgage will be redeemed. If you’re remortgaging to release equity, any remaining funds will be sent to you. At this stage, we will also update your title at the Land Registry.

Step 6 – When your registration has been confirmed by the Land Registry, your process is complete. We’ll let you know once everything has been finalised.

Our remortgaging services

Our remortgaging solicitors are well-versed in many different remortgage cases and have a breadth of experience handling them with care and efficiency. From switching lenders to ensure you’re getting a better rate, to releasing equity from your property, to amending the title on your mortgage, we’re able to make the process as straightforward as possible.

We have offices across East Anglia, working with clients to solve their remortgage cases quickly and smoothly. We’ll always ensure you’re kept up to date throughout the process and be on hand to answer any questions you may have.

Why choose Fisher Jones Greenwood for your remortgage case?

For over four decades, we’ve been helping homeowners across Essex, Suffolk and London with their remortgage process. We tackle the legal side, so you can focus on everything else.

We’ve been recognised in the Legal 500 and Chambers & Partners, a reflection of the work we do with our clients. We offer clear advice and legal support, keep you updated throughout the entire process, and we eliminate the legal jargon, so you understand every step of the way.

Our aim is to always make sure your remortgage case runs smoothly, and we’ll liaise with your lenders and any other essential contacts to ensure your case is on track.