Remortgage of a Property
Once you have
accepted our quotation we will provide you with this firm’s terms of engagement
and introduction to the conveyancing department. We will obtain certain
information from you and request your title deeds from your mortgage lender and
a repayment figure to find out how much is owned on your current mortgage.
We will arrange for your mortgage offer and all title documentation to be
checked on receipt of same from your lender.
In some case it may be necessary to carry out searches against the property
(depending upon the lender). We will advise you of this at the
appropriate time and inform you of the requisite fee to be paid. We
shall then forward the mortgage deed to you for signature and provide you with
a completion statement.
Once the paperwork is returned to us together with any balance of monies (if
appropriate) we will then arrange completion. On the day of completion we
will receive the mortgage monies, redeem any existing charges on the property
and (if appropriate) forward to you any excess monies.
We will then arrange to register the new mortgage at the Land Registry.
Once the title has been registered we shall let you have evidence of such
registration and also provide evidence to your new mortgage lender.
This completes the re-mortgage process. If you decide to switch lender
again, then we hope that you will return to us.
