Remortgaging a property should be a smooth, stress-free process, but without the right legal support you can run into problems that means remortgaging takes longer, costs you more or leaves you with a worse deal on your new mortgage.
At Thornton Jones, we are highly experienced in guiding clients through every step of remortgaging their home and other property, including buy-to-lets. We can make sure every detail is taken care of and any potential issues are identified early so any unnecessary delays or additional costs can be avoided wherever possible.
When you use our solicitors for your remortgage, we can guarantee that a senior member of our team will deal with your conveyancing, so you can have total confidence in the quality of service you received. We want your remortgage to go ahead as quickly as possible, with minimum hassle, allowing you to get on with your life.
As well as assisting with remortgaging for all types of property, we also have strong expertise in equity release for older clients, so please get in touch to find out more about how we can help you facilitate your plans.
For expert advice tailored to your needs, speak to one of our experienced remortgaging conveyancing solicitors in Yorkshire by contacting your local Thornton Jones office in Garforth, Ossett, Wakefield or Sherburn in Elmet or emailing firstname.lastname@example.org.
How we can help you with remortgaging
Anti-money laundering checks
Before your remortgage can go ahead, we will need proof of your identity for anti-money laundering checks which are a legal requirement.
Dealing with your current mortgage lender
We will contact your current mortgage lender to request a ‘redemption statement’. This is a statement of the remaining balance left to pay on your existing mortgage and any exit fees, early repayment charges or other costs for paying off your mortgage.
Remortgaging for leasehold property
If you are remortgaging a leasehold property, we will review the terms of your lease, including the number of years remaining on the lease. Our solicitors will make sure the terms of your lease comply with the requirements of your new mortgage lender, so your remortgage can go ahead. We can also advise you about renewing your lease if required.
Reviewing the terms of your new mortgage
We will review the terms of any new mortgage you are offering to make sure they are fair and match your goals and circumstances. If we identify any issues that could cause problems for you in the future, we will raise these with you and your lender, then seek to find a reasonable solution that allows you to get the mortgage you need on favourable terms.
Where required, we will make sure any necessary checks and searches are carried out, such as checking the Land Registry to make sure there have been no relevant changes with the property deeds since your previous mortgage was taken out. This is an essential part of making sure your mortgage goes ahead smoothly and you are not later caught out by any unexpected issues.
Transfer of funds
Our remortgage conveyancing solicitors will handle the transfer of funds from your new lender to your old lender (where you are changing mortgage provider).We will take receipt of the new mortgage funds from your new lender, pay off your existing mortgage and any charges, then transfer any remaining balance to your account.
Updating the land registry
Once the remortgage is complete and your previous lender has confirmed that your old mortgage has been discharged, we will notify the Land Registry of the change to the legal title for your property and update the register with the details of your new lender.
Our remortgage conveyancing fees
When remortgaging, your goal is usually to save money on your monthly repayments or raise extra funds for home improvements or other life plans. We understand that keeping your remortgage conveyancing fees to a minimum is therefore usually a priority.
To keep things simple, we offer a fixed-fee conveyancing service. This means we provide a quote upfront for how much your remortgage conveyancing will cost, with a breakdown of the costs involved. Once you agree to that quote, that will be the final cost you pay once your remortgage is complete, with no hidden charges added on later.
The conveyancing quotes we provide include our professional fees, as well as any fees we have to pay to third parties (known as ‘disbursements’) for essential checks and other services, such as Land Registry searches.
For an indication of how much remortgaging might cost, you can use our conveyancing calculator for an instant quote.
Why choose Thornton Jones’ conveyancing solicitors for your remortgage?
At Thornton Jones, we have years of experience guiding clients through all types of conveyancing transaction, including remortgaging. With strong ties to our local community across Yorkshire and a reputation for excellence that attracts clients from all over the country, we can provide a reliable conveyancing service with a personal touch for every client.
Unlike other law firms, we ensure every conveyancing client has their transaction dealt with by an experienced, senior member of our team. This means we can guarantee an efficient, high-quality conveyancing experience for your remortgage, no matter how complex your situation or requirements.
We are accredited by the Law Society’s Conveyancing Quality Scheme (CQS) for our skills and experience in handling all types of residential property transactions.
Our Head of Conveyancing, Stuart Knox is a member of Solicitors for the Elderly, so has particular expertise supporting elderly clients with remortgaging and equity release.
Thornton Jones is independently regulated by the Solicitors Regulation Authority (SRA).
Get in touch with our remortgage conveyancing solicitors in Yorkshire
Speak to one of our experienced remortgaging conveyancing solicitors in Yorkshire by contacting your local Thornton Jones office in Garforth, Ossett, Wakefield or Sherburn in Elmet or emailing email@example.com.