W DaviesLoading ...
Box Icon Remortgaging Your Property

Remortgaging Your Property

Our conveyancing solicitors are experienced in all areas of property transactions, including re-mortgages. We are on the panels of all the major lenders (bank or building society) and will guide you through the process and paperwork, while keeping you informed of progress.


For a cost estimate and an overview of the process for remortgaging your property please click on the link below:


Estimate for remortgaging a property


Remortgaging Explained

Remortgaging is where the owner of a property changes from one lender to another. Usually, this is done to obtain a better rate mortgage, or to borrow extra money – e.g. to carry out alterations or extensions to the property. A remortgage may be with your existing lender, or a different lender.

A common time to remortgage is when the fixed or discounted rate on your mortgage ends. Once such discounted periods end, you move onto long-term variable rates or your lender’s standard variable rate; historically, these tend to be higher than the rates available on new mortgage deals.

When considering a remortgage, you should think about what type of mortgage you may interest you – i.e. fixed rate, or variable rate. Check the arrangement fee for the new mortgage and ascertain whether there is an early redemption charge on your existing mortgage and/or on the new mortgage. An independent financial adviser will be able to give you advice on the range of mortgage products available.

Contact us to ask about our Residential Property services

Select Personal or Business? *
Select Personal or Business? *