What is a Remortgage?
Re-mortgaging is the process of obtaining a new mortgage on a property you already own, either to replace your existing mortgage or to borrow additional funds against your property. This process allows homeowners to unlock the equity in their property or to switch to a mortgage with better rates.
How Does a Remortgage Work?
At Nova Solicitors, our experienced remortgage solicitors handle all the necessary legal steps to secure your remortgage smoothly, ensuring the transaction is protected and completed efficiently. Although the remortgage process can be quick, it can also be complex. Our team will guide you through each stage, ensuring you fully understand the process. We are committed to providing high-quality, efficient service, and our friendly, responsive team will always prioritize your best interests.
How Can Nova Solicitors Help with Your Remortgage?
Our remortgage solicitors are dedicated to guiding you through the legal aspects of remortgaging. If your property is leasehold, we will assist you with specific complexities, including:
- Ensuring the lease length meets your new mortgage lender’s requirements.
- Confirming with your managing agent or landlord that service charges and ground rents are up to date.
- Providing you with a copy of the building insurance.
If you would like to discuss your remortgaging needs, please contact our experienced team. Call us at 020 2489 7010
email us at info@novasolicitors.com.
How Long Does Remortgaging Take?
At Nova Solicitors, we aim to make your remortgage process as straightforward and seamless as possible. The time required to complete a remortgage depends on various factors, such as the promptness of your mortgage lender in issuing the offer and any specific requirements they may have. Typically, the process takes a few weeks. Our goal is to finalise your remortgage efficiently, ensuring that the funds from the remortgage are available to you as quickly as possible.
