Remortgaging advice
are on a
no-move
no-fee basis"
David Parton, Partner
Remortgaging your home is a term used to describe the process of rearranging your mortgage terms either with your existing lender or a new lender.
The benefits of remortgaging
There are a variety of reasons for remortgaging your home:
- take advantage of a better interest rate or mortgage deal
- increase your borrowing
- change your repayment terms
But before doing anything, you should get specialist remortgaging advice.
It's common for new mortgage arrangements to benefit from incentives to attract borrowers. They're typically balanced by financial penalties if you choose to remortgage to another lender during the qualifying incentive period, and are known as early repayment charges or redemption penalties.
The potential financial benefits of remortgaging your home can be significant, but are subject to your individual mortgage circumstances, and you should seek expert remortgaging advice from a qualified financial adviser.
Wealth warning!
When considering remortgaging your home it's important you consider all the potential costs you could incur as part of the transaction. Again, your financial adviser should do this for you as a matter of course.
Why do I need a solicitor?
If you decide to remortgage to a new lender a solicitor will need to be appointed, essentially to check on behalf of the lender that the security provided by your property is adequate security for the mortgage.
It's here that our remortgaging advice can prove invaluable.
Why use Access Legal from Shoosmiths?
We handle the legal aspects of clients' remortgages every day, and will ensure your remortgage is processed as quickly as possible so that you start enjoying the benefits of your new mortgage arrangements.
To help with budgeting we offer transparent fixed fee pricing.
