Remortgage Conveyancing
Conveyancing
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What Happens During a Remortgage?
Instruction from client & Initial Checks
Once you have found your new mortgage, instruct a conveyancer to handle the legal transaction
Client care information and identification documents
Your conveyancer will assess the title of your property and conduct legal checks
Your new lender will require you to carry out searches
Searches carried out and the conveyancer deals with any issues that arise
New Mortgage
A redemption statement will be requested from your old lender
A formal offer will be received from your new lender
The new terms of the mortgage will be discussed between yourself and your conveyancer
After discussion, you can proceed to sign the mortgage deed
Final Checks
This includes a bankruptcy check to ensure you have never been declared bankrupt
Completion
Your conveyancer will register your new mortgage with Land Registry, draw funds & pay off your previous mortgage
