Remortgaging your home or investment property is an often essential step you will need to take every two to five years.
As your fixed rate comes to an end, you may wish to explore the possibility of new mortgage products available to ensure you have a competitive fixed rate of interest for the coming years.
After consulting a mortgage broker or mortgage advisor and selecting a new mortgage product, you will need to engage a solicitor to attend to the legal work. However, completing the remortgage does not need to be the complex and drawn out affair you might believe.
You will often have the option to select ‘free legals’ to deal with the legal work but you may not wish to instruct a firm with whom you have no direct access and do not in fact generally act for you (they generally in fact act solely for the lender). If the convenience of having an established law firm nearby, who are members of all major lenders’ conveyancing panels, is what you seek, Paul Robinson Solicitors are perfectly located within the City to assist.
With offices in the City of London and Stratford, we are conveniently positioned to enable you to attend our offices where the need arises.
Our expert property lawyers also simplify the remortgage process to ensure a rapid turnaround and the earliest completion.
We address any title issues at an early stage so you are not left with a nasty surprise just when you hope to be able to complete and we use, where agreed by the lender, search indemnity insurance rather than having to submit searches with the Local Authority to enable a swift turnaround time.
If you wish to transfer a property into joint names, known as a Transfer of Equity, we are also able to assist as part of the remortgage process and draft the necessary paperwork to enable the Transfer and remortgage to complete simultaneously This is often something the “Free Legals” are unable to do!.
On completion of your remortgage, we deal with the redemption of your existing mortgage and the registration of your new lender’s charge at HM Land Registry.
Paul Robinson Solicitors are modern thinking lawyers with a practical approach yet offer a personal service to its clients. If you wish to speak with one of our team, please do not hesitate to contact us on 020 35537115 with any questions you may have.
This article does not necessarily deal with every important topic or cover every aspect of the topics with which it deals. It is not designed to provide legal or other advice. If you require specialist advice on this topic, please contact us to discuss how we may assist you.