Re-mortgaging is often changing mortgage lenders to release some of the equity in your home, or consolidate your debts, but without moving home. There are other reasons why you may be seeking to re-mortgage; perhaps the value of your property has increased, your current deal is about to end or you are looking for better interest rates.
When re-mortgaging, you may stay on the same mortgage rate but move to a different product, or you may move to a better rate. We can advise you on the procedures and on any early redemption penalties on leaving your current scheme, taking your personal situation into account throughout, leaving you with the right decision for you.
We are on most mortgage panels and act for a variety of different lenders, so we are well placed to discuss all of the options available to you.
What You Can Expect From Our Service
Our conveyancing Solicitors that handle your remortgage know how important speed is when it comes to securing your new finance. If you are remortgaging your property, you will need a property lawyer to represent your interests as well as those of the lender.
The first and most important thing to consider is whether your conveyancing solicitor is on your chosen lender’s mortgage panel. If they are not, the lender would need to appoint a second, separate solicitor. This will slow the process down and incur additional fees for you as the homeowner.
Instruct KAT Law to handle your remortgage and you will have complete confidence that your solicitor can act for your lender and there will be no such delays.