Your guide to your Remortgage Conveyancing

If you are remortgaging your property, you may be confused about the issues surrounding what needs to be done about arranging remortgage conveyancing. This is why we have put together an easy to follow guide to explain all the stages of transaction.

STAGE ONE: You can instruct for a conveyancing quote regarding remortgage conveyancing through conveyancingshoppers.co.uk, for all counties in the UK such as Herefordshire, Kent, Northamptonshire, Shropshire, Norfolk, Cumbria, Berkshire, Devon, Warwickshire, Durham etc. Once a solicitor has taken on this case, title deeds from your existing lender will be requested. A redemption statement will all be requested by the remortgage conveyancing solicitor to find out how much is still owed on your existing mortgage, and any other loans you are paying off.

STAGE TWO: Depending on the lender, it may be required for searches to be carried out against the property. After forwarding the mortgage deed to you for signature, the remortgage conveyancing solicitor will also send you the redemption statement for your existing mortgage. A completion date will then be agreed.

STAGE THREE: Once documentation and any payment is returned to the solicitor, the completion can be arranged. Your remortgage conveyancing solicitor can then, on completion date, pay off your existing mortgage, collect their legal fees and forwards any remaining money to you. They will also arrange to register your new mortgage to the Land Registry.

If you are remortgaging your property, you may be confused about the issues surrounding what needs to be done about arranging remortgage conveyancing. This is why we have put together an easy to follow guide to explain all the stages of transaction.

STAGE ONE: You can instruct for a conveyancing quote regarding remortgage conveyancing through conveyancingshoppers.co.uk, for all counties in the UK such as Herefordshire, Kent, Northamptonshire, Shropshire, Norfolk, Cumbria, Berkshire, Devon, Warwickshire, Durham etc. Once a solicitor has taken on this case, title deeds from your existing lender will be requested. A redemption statement will all be requested by the remortgage conveyancing solicitor to find out how much is still owed on your existing mortgage, and any other loans you are paying off.

STAGE TWO: Depending on the lender, it may be required for searches to be carried out against the property. After forwarding the mortgage deed to you for signature, the remortgage conveyancing solicitor will also send you the redemption statement for your existing mortgage. A completion date will then be agreed.

STAGE THREE: Once documentation and any payment is returned to the solicitor, the completion can be arranged. Your remortgage conveyancing solicitor can then, on completion date, pay off your existing mortgage, collect their legal fees and forwards any remaining money to you. They will also arrange to register your new mortgage to the Land Registry.

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