Remortgaging a property
Advice
What is a Remortgage?
A remortgage is the process of getting a replacement mortgage on a property you already own or have a mortgage on.
Why should you think of a Remortgage?
A remortgage can be a great way of releasing money tied up in your property as a mortgage interest rate is usually a fraction of the APR (Annualised Percentage Rate) of other loans. In essence, you are freeing off the equity in your home to pay for whatever you wish.
Why should you consider a remortgage?
Before considering a remortgage, you must be aware that you will be completely reassessed regarding credit history and so on, as such it may be difficult for those who have missed payments or have had arrears in the previous 12 months to get a remortgage, generally it is easier to get a remortgage with your existing lender.
How we can help you
Generally, you should be able to get a remortgage with your existing lender, however, if they are unwilling to do this then you can help you, we would create a brief which would include: -
- Explaining and discussing the terms of the new remortgage offer.
- Requesting a redemption statement.
- Helping with all the legal work relating to remortgaging a leasehold property.
- Final checks, such as bankruptcy searches, investigating changes made to the property title and arranging completion.
Your personal caseworker would then forward this brief to our third-party mortgage broker and they would take it from there. This saves them significant time (and as such saves you money) split-work principle means that we do. To initiate our help simply click on the link at the top of this page to start a case, activated by the link at the top of the page, should you wish to start a case the caseworker will send you the suitable payment link.
Please note your caseworker can only give generic advice, their role is to prepare your details for handling by our legal team and to act as your point of contact, they will also issue you with your Password and PIN, these will be needed to log onto your client dashboard. From your dashboard you will be able to manage and view every aspect of your case, upload documents, images, files etc.