Re-mortgaging your home

A remortgage is where a borrower with an existing mortgage chooses to replace it with a new loan, either from their existing lender or a new lender.

With different lenders offering different interest rates and packages, many people take the opportunity to review their mortgage.

Timing is often critical to avoid paying redemption penalties or face increased payments on standard variable rates.

We will guide you through the whole process showing you what you can do to speed things along and avoid delays:

We will...

• Request title deeds and reapt statement from current lender.
• Receive mortgage offer, carry out any necessary searches and ensure mortgage conditions can be complied with.
• Prepare documents for signing and report to you.
• Check redemption figures on your existing mortgage.
• Confirm completion date with you and the mortgage lender and request money from lender.
• Pay off existing mortgage and forward surplus to you.
• Register new mortgage with Land Registry and remove any old mortgages.

Whilst you need to...

• Choose your mortgage and provide the lender or broker with all the information they require as soon as possible.
• Receive mortgage offer.
• Return mortgage deed and any form's requiring signature to us.
• Ensure all necessary paperwork is signed and returned to lender.
• Completion.

Your mortgage lender will...

• Check that you are eligible for the loan and carry out valuation report.
• Issue mortgage offer.
• Mortgage monies paid to us.

For further information please contact us using the details below.

01376 321311

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