What you should do
Timing is often very important when you remortgage. So don’t wait for your mortgage offer before you instruct your solicitor. Do it straight after you submit your remortgage application. The earlier you instruct us, the sooner our property solicitors can get started on your remortgage.
Make sure that you choose a solicitor with regular experience of remortgage work – to ensure your remortgage completes swiftly and efficiently. And don't forget that your bank or building society will allow you to choose your own solicitor. Our solicitors have the experience you need and can act for both you and your lender to avoid doubling up work as well as dealing with discharging your existing mortgage.
Be aware that the enquiries necessary on a remortgage are as extensive as those on buying a property in the first place – and your new lender may require an up to date valuation of your home – instructing surveyors approved by your new lenders is usually the most practical way to get a remortgage property valuation.
If you haven't arranged your remortgage yet, don't forget that we have close links with local Independent Financial Advisors who help you find the right lender.
What we do
When you have your remortgage offer, return any signed documents that your lender requires immediately. Your lender then sends the legal paperwork to us. Then our solicitors:
- Check the terms and conditions of the remortgage offer to see if there are any particular or unusual requirements, for example if your lender needs certain building work completed before releasing the mortgage funds.
- Check your title deeds to ensure they are in order and confirm that to your mortgage company.
- Carry out a local property search if required by your lender.
- Forward a report on title' to your lender indicating if there are any problems with your title deeds and dealing with any special conditions.
- Prepare the documents your lender will need you to sign and arrange signature of these by you.
- Conduct a bankruptcy search for each borrower to confirm to your Lender that you have not done bankrupt. We also carry out a land charges search against your property to make sure that that all no adverse entries on the register.
- Get confirmation from you of the date when you want to complete your re-mortgage and get hold of the redemption figure (i.e. the sum required to pay off your existing mortgage) from your current mortgage company.
- Complete Certificate on Title. We then request your mortgage advance in sufficient time for completion.
- Our solicitors than register your new mortgage at the Land Registry.
- Once all this is completed, we return the title deeds to your new mortgage company.
Contact our remortgage solicitors
Our solicitors can see you in our Salisbury, Andover or Amesbury offices. Our solicitors also regularly complete remortgages in Westbury, Ringwood, Winchester, Fordingbridge, Frome, Whitchurch, Ludgershall, Overton, Shaftesbury, Sherborne, Stockbridge, Lyndhurst, Gillingham, and Romsey.
For a smooth remortgage, contact us today.
