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Conveyancing: Remortgages

Remortgaging: Why Bother?

Remortgaging can save you a small fortune if you get the right deal off a new lender or even from your existing lender. By cutting 1% off a £100,000 mortgage you could save around £80 per month and that is around £1000 per year!

By remortgaging to an improved mortgage rate it could be the single biggest money saving action you could take.

However, it is more difficult to find a good deal since the credit crunch so you will have to shop around to find out who is lending and at what rates.

Conveyancing: Remortgages

There is still the legal work to be carried out when you move your mortgage to a new lender but after years of experience as conveyancing solicitors we have learnt how to keep costs to a minimum.

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Conveyancing: Remortgage Steps

Once you have decided that a remortgage is right for you and you have found a mortgage to satisfy your requirements the new lender will require the details of the solicitor acting on your behalf.

The legal formalities are then completed and upon completion the funds transfered to pay your old lender.

You may have arranged to borrow additional funds and these will be transfered into your bank account.

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