If you are searching for a reputable conveyancing solicitor who can handle your remortgage process, BHW Conveyancing are here to help you.
Talk to us 0116 402 9000
Remortgage your property with BHW Conveyancing
At BHW Conveyancing, you can rest assured that your remortgaging transaction will be in the hands of property professionals who leave no stone unturned.
We’re with you at every step, providing clear communication and guidance. Your questions will be answered, your concerns addressed, and your journey made smoother by our dedicated expert property team.
We’re committed to delivering high-quality work, leaving no detail overlooked. That’s why we carefully limit our ongoing transactions, allowing our teams to provide you with the finest conveyancing service and maintain consistently exceptional work. For us, it’s quality over quantity every time.
What will happen when I remortgage?
You need a remortgage solicitor when you’re changing the mortgage on your property and moving to a new lender. Perhaps your fixed-term mortgage has come to an end, or you’re switching to find a better remortgage deal.
Once you have your remortgage “offer in principle,” and you’ve applied for the new mortgage, the next step will be to find a reliable solicitor who can help you through the process. Your conveyancing solicitor will need to do identification and anti-money laundering checks to meet their regulatory obligations. This will involve verifying your identity and confirming your source of funds. You’ll be asked for ID documents and income documents too.
We’ll ask you for all the account details for your current mortgage and property, which we will use to request the title deeds from the Land Registry and a redemption statement from the lender. The redemption statement will outline how much is left to pay on the existing mortgage and whether any extra fees will be incurred, such as if you are leaving the mortgage early. The title deeds will confirm that you are the property owner.
Your conveyancing solicitor will do local authority searches to check the land and surrounding areas for things like mining and contamination, although this can be covered by search indemnity insurance.
The home will be valued by the lender to determine the market value and ensure the property has enough equity to allow for a remortgage. After this, they will make a formal offer of a remortgage. Your remortgage solicitor will receive the mortgage offer from your lender, and they will check through the requirements and advise you of any conditions.
Providing you’re happy with all the requirements and conditions, you’ll be asked to sign the mortgage documents to agree to the remortgage.
Your property solicitors must then do a bankruptcy search and a Land Registry priority search. The bankruptcy search ensures that you or any other legal owners are not bankrupt and the priority search prevents other charges from being made on the property. It also confirms that the title cannot be changed until after the remortgage process has been completed.
Your conveyancing solicitors will send a certificate of title which is only submitted to the lender once your solicitors confirm that all the lender’s conditions can be met and the remortgage funds released. After this, the remortgage will be registered with the Land Registry and you’ll receive copies of the documentation.
Your conveyancing transaction in the safest hands – and the reviews to back it up
What to expect from BHW Conveyancing
If you choose BHW Conveyancing, you can expect the highest quality standards and a specialised conveyancing team who are dedicated to your remortgage journey.
A good remortgage service goes beyond the legalities and paperwork, ensuring a smooth and stress-free process for homeowners looking to switch their mortgage. Clear and consistent communication is the backbone of our successful remortgaging conveyancing service. We ensure that you are kept informed at every stage, providing updates on the progress, addressing any queries or concerns promptly, and explaining legal jargon in a clear and understandable way.
At BHW Conveyancing you’ll be given a dedicated team of expert conveyancers. This level of support not only simplifies the legalities, but also makes the entire remortgaging process more manageable, giving you peace of mind.
To view BHW’s costs guide visit our pricing page.
Contact our conveyancing team
BHW Conveyancing is part of BHW Solicitors Limited, which is one of the leading property law firms in Leicestershire and the wider East Midlands. BHW is a top ranked real estate firm in the East Midlands by the Legal 500, as well as being ranked in the Chambers & Partners legal industry guide.
We hold the Conveyancing Quality Scheme (CQS) accreditation and have been awarded the Lexcel quality standard by the Law Society. This recognises our impeccable standards of competence, risk management and client care practices.
Related articles & guides
Frequently asked questions
You can remortgage your home at any time. The only issue is that you might have to pay a fee for ending a fixed-term deal early. It’s a good idea to remortgage your property whenever your existing mortgage deal comes to an end so that you are benefiting from the best rates.
Remortgaging can be a good idea if the alternative is to remain on your lender’s variable rate. The problem with being on a variable rate is that your mortgage repayments are attached to the Bank of England base rate which can change and is often a higher rate than fixing into a long-term mortgage deal. As such, if you want a consistent monthly mortgage bill, it’s beneficial to find a fixed remortgage deal that suits you.
A conveyancing solicitor can charge around £350- £800 to assist with remortgaging your property.
It usually takes around 4-8 weeks to remortgage a property from start to finish. However, providing there is enough notice your remortgage solicitor can normally coincide the completion of your remortgage with the end date of your existing mortgage.