Remortgaging A House Or A Flat

Legal Advice On Remortgaging Residential Property

Remortgaging with a new lender will require the services of a conveyancing solicitor to assist with the legal issues and paperwork involved in paying off an individual’s existing mortgage loan and arranging a new one.

Bartletts Solicitors offers a transparent fixed fee service for remortgaging a property in Liverpool and Merseyside.

Our decades of experience and local knowledge will help ensure that you complete the remortgaging of your property as quickly and economically as possible - and with the minimum of fuss.

  • Benefit from Louise Nelson’s Decades of Experience of Remortgaging Residential Property in Liverpool
  • Every Property Remortgage is Individual – Contact our Team for an Accurate, Individual Remortgage Quotation
  • Legal Advice on Transfer of Ownership When Couples Split Up
Legal assistance is important to ensure that a person gets the right deal for them, whether the purpose of the remortgage is to reduce their monthly payments, release equity, borrow more money, or adjust their finances in some other way. A conveyancing solicitor can help evaluate whether a new mortgage deal meets an individual’s medium and long-term financial expectations, as well as minimise the potentially high costs that the process can entail in the absence of experienced legal representation.

The first step that a conveyancing solicitor will take will be to confirm an individual’s identity and undertake the necessary anti-money laundering checks. Title deeds to the property in question will need to be checked and lease terms examined, and the details of a person’s current mortgage will be obtained from their existing lender along with a redemption statement, which will confirm the exact amount required to fully repay the mortgage, as well as the existence of any extra charges and fees due for early repayment. Searches requested by the new lender (e.g. local land charge and local authority searches) will also need to be carried out and any related enquiries answered. Once a formal mortgage offer is made by the new lender, a conveyancing solicitor will assess the terms, highlight any issues that need to be raised and prepare the necessary documents for signing.

After the mortgage documents have been signed, a conveyancing solicitor will then be able to arrange a completion date with the new lender. On the day of completion, the new lender will transfer the mortgage funds to the conveyancing solicitor, who will then pay off their client’s existing mortgage, settle any outstanding fees and remit the remaining funds to the client. Finally, the new mortgage will need to be registered with the Land Registry and the legal title to the property will subsequently be updated to reflect this. Our clients find that having a solicitor with decades of remortgaging property gives them the peace of mind and the results they want.
The remortgaging process will take 4-8 weeks in normal circumstances. Using a local firm of solicitors can help speed matters up due to the latter’s knowledge of the local area and experience with similar transactions. Our firm offers a transparent fixed fee structure for remortgaging a property in Liverpool and Merseyside at competitive rates, and with no hidden costs. Get in touch with Louise Nelson and her friendly team for a free no obligation quotation today.
When a couple separates and ceases to live together, they will sometimes need to make changes to the legal ownership of the property they previously shared together, a process called transfer of equity. When a property is owned by more than one person, the title deeds will need to be amended to reflect a couple’s changed circumstances, with one owner or more needing to be removed and others possibly added. Legal advice is important in this kind of situation to identify the type of registered ownership model that works best going forward, as well as to deal with the tax, legal and administrative paperwork involved.

A conveyancing solicitor can be vital in advising on the best title ownership model and ensuring that an individual is able to claim their fair share of the equity (the value of a property once any outstanding payments, particularly the mortgage, are settled). Apart from the documentation that needs to be sent to and processed by the Land Registry before new title deeds are issued, there may also be Stamp Duty Land Tax (SDLT) that needs to be paid, while any mortgage on the property will need to be transferred into the name of the new owner with the permission of the existing lender. An experienced conveyancing solicitor can help ensure these practicalities are handled smoothly, and in the most timely and cost-effective manner.

Why Choose Bartletts Solicitors?

Solid Traditional Values Delivered
In A Modern Convenient Manner

Our firm are experts at advising on remortgaging in any situation.

Law Society Accredited for Conveyancing Quality. Competitive fixed fees, no obligation free quotations and no hidden costs.

Your conveyance will be handled by Louise Nelson, a solicitor with 39 years experience of helping people buy and sell property in Liverpool.

Louise heads a friendly team of experienced conveyancers. Jenny Thomas, Louise Drewry and Lucy Baines have detailed knowledge of the files they work on, meaning when you call you will get prompt answers and updates.

Customer service is very important to us. John Bartlett has been managing the firm for over 40 years and takes customer satisfaction very seriously.

Send Our Residential Conveyancing Team An Enquiry:

Conveyancing Solicitor
Louise Nelson is a Liverpool conveyancing solicitor with 39 years experience. Louise and her team will be happy to offer you a free no obligation quotation over the telephone, via e-mail, or at Marldon Chambers.

Further Information:

Conveyancing Solicitors

All conveyancing and property-related work is supervised by Louise, who has worked as a solicitor for 39 years. Louise has spent her entire career at our firm. Bartletts has earned the Law Society’s Conveyancing Quality accreditation, which is a difficult stamp of approval to obtain. Every property lawyer at the firm is examined and checked by the Law Society every year. Many firms fail to achieve this mark of quality.

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