Remortgaging

What to know

If you are looking to remortgage your property, it’s probably a good time to go over the steps involved in the conveyancing process, so you know what to expect and when you need to do things in the process.

First thing - have you used our online quote tool to get your detailed conveyancing quote? The quote we send you details our fixed cost legal fees and third party fees, you can get a full breakdown of the costs in our guide to your online conveyancing quote.

Our handy guide breaks down the process into easy to follow steps, helping you keep your move on track.

Step by step guide

Step 1 – Starting with the initial instructions from you

To start the conveyancing remortgaging process, we need you to complete our initial questionnaire, forms and your initial payment to start the process.

Step 2 – Information from landlord or management company

If your property is a leasehold or freehold property with a management company, we will need details of their requirements, sales pack and fee for transferring mortgage provider. We will write to your landlord and/or management company for you. It is normal for them to charge a fee for the information.

Step 3 – Information from your mortgage lender

We will get in touch with your mortgage provider to get a copy of the title deeds to the property and a redemption statement showing what you still owe on the property.

Step 4 – Documents from Land Registry

We ask for up to date electronic copy of the deeds (Official Copies) and in some cases supporting documents from the Land Registry.

Step 5 – Your current mortgage provider

We apply to your current mortgage provider to a redemption statement showing the balance left to pay on the mortgage.

Step 6 – Your new mortgage provider

Your new mortgage provider sends us a copy of your mortgage offer. We check the offer and let you know if there are special conditions or retentions attached to the offer. We send you a report giving the details of the mortgage offer for you to review, and sign the mortgage deed.

Step 7 – Searches for a remortgage

Most lenders don’t require searches for a remortgage, but we will check this with your lender. Where searches aren’t required, you will need to obtain “no search indemnity insurance” – don’t worry we do this for you.

Step 8 – Completing on your remortgage

For a remortgage we don’t exchange contracts, we simply set a completion date. Once we’ve done this we request an up to date redemption statement from your current lender and get funds from your new mortgage provider ready for the date we’ve agreed. On the day you complete we will redeem your existing mortgage.

Congratulations you’ve successfully remortgaged your property!