Remortgaging can allow you to significantly cut your monthly mortgage repayments, as well as potentially releasing additional funds for things like home improvements, buying a new car, helping your children get on the property ladder and other personal plans.
When signing up to a new mortgage, it is essential to take expert legal advice on the terms of the new mortgage deal. You also need someone to guide you through the remortgaging process to make sure you stay safe and that the process can go ahead as quickly and smoothly as possible.
At Devereux & Co, our Conveyancing Quality Scheme (CQS) accredited team have decades of experience handling remortgage conveyancing for all types of property. We provide a strong client-focused service based around listening to your needs and concerns, then doing everything we can deliver the best possible experience for you.
We know how stressful remortgaging can be, but by offering seasoned expertise, excellent communication and a personal approach that treats you like a human being, our team can make getting a new mortgage deal in place as simple and stress-free as possible.
The remortgaging process explained
There are various steps to remortgaging your property. Our friendly, expert conveyancing solicitors in Bristol can guide you through every stage of the process, including:
- Investigating your Title to ensure the new lender’s security is fully enforceable. This involves making appropriate searches at the Land Registry and local authority and sometimes with other authorities depending on the location of the property (e.g. coal mining searches) and also checking the title deeds in the same way as when purchasing the property.
- Obtaining a redemption statement for the old mortgage and re-paying it.
- Requesting the new mortgage funds from your new lender.
- Registering the new mortgage at the Land Registry and discharging or cancelling the old one.
- In the case of leasehold properties (e.g. flats), giving notice to the freeholder and management company of the new mortgage.
How much does remortgage conveyancing cost?
The cost of your remortgage conveyancing will depend on various factors, including:
- The value of your property
- Whether it is leasehold or freehold
- Whether this is your main residence or not
Looking for a competitive quote for your conveyancing? Please get in touch.
How long does remortgage conveyancing take?
Normally it should be possible to complete the re-mortgage comfortably within 4-6 weeks of the offer being made by the lender.
Why not just use the conveyancing solicitor recommended by your lender?
While your lender’s recommended firm of solicitors may be perfectly competent, working with our team provides reassurance that you are getting truly independent advice.
We also have strong local expertise and offer a truly personal service that makes remortgage conveyancing much less stressful and accountable, so you don’t feel like you are dealing with some faceless firm who don’t know who you are or what matters to you.
Why choose our remortgaging solicitors in Bristol?
We aim to provide a high-quality conveyancing service for all types of property transactions, including remortgaging. When you work with our conveyancing solicitors in Shirehampton or Westbury on Trym, we can offer you:
Conveyancing Quality Scheme (CQS) accreditation
We are accredited by the Law Society’s Conveyancing Quality Scheme (CQS), providing assurance that our conveyancing is safe, reliable and meets the highest legal standards.
Exceptional attention to detail
Every aspect of your transaction will be treated with meticulous attention to detail, helping your remortgage to go ahead on schedule and reducing the risk of future property issues.
Personal attention from an experienced conveyancer
Your case will be dealt with by a single, experienced member of our conveyancing team, so you always know who to turn to with a question or for an update on progress.
We will keep in regular contact, making sure you always know what is going on and how much longer your remortgage conveyancing is likely to take.
Clear, competitive fees
You will be given a fixed fee quote upfront that clearly breaks down all of the costs involved in your remortgage conveyancing, with no “hidden extras” to worry about.
Contact our remortgaging solicitors in Bristol
For help with your remortgaging or a no obligation quote, please contact our Bristol conveyancing solicitors now.