Remortgaging Services with Franklins Solicitors
Whether you’re looking to reduce your monthly payments, shorten your mortgage term, or unlock equity in your property, our team is here to make your remortgaging process as straightforward as possible.
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If you are looking to remortgage your property, our knowledgeable conveyancing team can help you with all aspects of the legal process. Our experience has shown that far too many lenders and borrowers have been happy to rely upon limited legal advice when remortgaging and problems existing with the title are only too easily overlooked. These issues only come home to roost when you try to sell. By carrying out a full title check, you can ensure any potential problems are rectified.
Ready to explore your remortgaging options? Contact Franklins Solicitors today to schedule a consultation. Let us take care of your conveyancing and guide you through the remortgaging process.
Remortgaging your property can help to save significant amounts of interest over the lifetime of a mortgage by taking advantage of introductory offers from lenders.
Remortgaging your property simply means moving your existing mortgage from one lender to another, whilst staying in your home.
Solicitors manage the new charge against the property with the Land Registry during the remortgage process.
A solicitor will also be vital during the process of transferring funds from one lender to another and ensuring that the balance with the previous lender is cleared.
It usually takes anywhere between a couple of weeks to a couple of months, depending on whether a new lender is taking on the mortgage or if the mortgage is staying with the existing lender.
A conveyancer during the remortgage process will be responsible for checking ID, gathering information about the existing mortgage, conducting searches, signing of the deeds, completing and arranging the sending of funds and registering the changes wth the Land Registry.
A credit check will be carried out when you remortgage and you will be asked to provide proof of your current financial situation, such as bank statements and payslips. If you are moving to a new lender, you will also be asked for proof of ID.
If you have any questions about conveyancing, please don’t hesitate to contact our team of experts who are on hand and ready to help you.