Remortgage Solicitors

Homeowners choose to remortgage their homes for various reasons, most commonly to borrow more money or acquire a better mortgage deal. Our remortgage conveyancing experts at Symes Bains Broomer have years of experience in this area, providing sound advice and guidance on remortgaging your home or buy-to-let property.

Remortgaging your property is the process of changing your mortgage deal once you reach the end of your fixed term. This process may involve moving from your existing lender to a new lender.

Our specialist team has a depth of experience assisting clients with all types of remortgaging matters. We provide a service built entirely around you, taking the time to personalise our advice and guidance to your circumstances.

At Symes Bains Broomer, we are a full-service law firm. This means our clients can be confident in receiving in-depth knowledge, skill, and experience from our residential conveyancing team.

Our remortgage solicitors will advise and support you throughout the process. We have local teams in Scunthorpe and Goole working with clients across Lincolnshire and Yorkshire.

If you would like to have an initial no-obligation conversation, please call us on 01724 281616, email us at info@sbblaw.com, or fill in our enquiry form.

During the remortgaging conveyancing process, our remortgage solicitors can provide sound advice and guidance on the stages, including:

• Obtaining the redemption statement (confirming the full amount needed to pay off your existing mortgage, including any exit fees)
• Property title checks
• Remortgage conveyancing checks and searches
• Reviewing the terms of your new mortgage
• Identifying any potential pitfalls
• Preparing a completion statement
• Receiving funds from your new provider and paying off your current mortgage
• Registering title deeds with HM Land Registry

We are proud that our firm has received the Law Society’s Conveyancing Quality Scheme (CQS) accreditation, acknowledging the reliability of our conveyancing services.

Do I need a solicitor when remortgaging?

A remortgage conveyancing solicitor is not always needed when remortgaging your property, but this will entirely depend on the circumstances of the case. If you are remortgaging with your current mortgage lender for a better deal, there is often no requirement for a solicitor. However, where you choose to change your mortgage lender to a new one, a solicitor is required for the process. Even where you choose to remortgage with the same lender, seeking advice and support from a solicitor is recommended due to the complexity of the process. They can handle all the technical aspects of the remortgaging process.

What does a solicitor do in a remortgage?

A solicitor will help to manage the remortgage process for you, making sure that all of the legal details are properly checked and that you fully understand the terms associated with your new mortgage deal. You can find a full list of the ways we can help with remortgaging above under the heading ‘What our remortgage conveyancing solicitors can do for you’.

How much does a solicitor charge for a remortgage UK?

At Symes Bains Broomer, we base our fees on the circumstances involved in the matter and the level of expertise needed. We will agree on a price in advance, so you always have a clear picture of what your remortgage will cost. You can find out more about our pricing on our remortgaging pricing page.

How long does a remortgage take with solicitors?

Generally, the remortgaging process takes an average time of six weeks, but this entirely depends on the complexity of the matter. Should the remortgaging process be more complicated, such as requiring additional conveyancing checks and searches, the process may take longer.

What are the stages of remortgaging?

When you remortgage your home, there are several steps involved in the process. These are as follows:

• ID checks by both the conveyancer and lender
• Reviewing your existing mortgage, including obtaining a redemption statement
• Carrying out property searches
• Valuing the property to find the market value
• Carefully assessing the terms of the remortgaging deal
• Signing the remortgage deal and any other documents required in the process
• Remortgaging completion
• Receiving funds
• Registering the changes with HM Land Registry

Do you get your house revalued when remortgaging?

Yes, during the remortgaging process, your property will be revalued to determine its current market value. Your chosen lender will arrange this.

At Symes Bains Broomer Solicitors, our team will be completely transparent about the cost of your remortgaging. You will receive a quote at the outset with a full breakdown of all costs involved, including any third-party costs, such as for carrying out conveyancing checks. For more information about our fees and pricing, please get in touch or visit our remortgaging pricing page.