Offer received
01We review the mortgage offer and its conditions against the title.
Remortgaging
A remortgage is a short, tightly-run file — but it is still a registered legal charge over your home. We treat it that way.
Typical timescale
2–4 weeks
Fee basis
Fixed fee
Search options
Full searches or search indemnity
Acting for
You and, where permitted, your lender
01Remortgaging
What we check
We obtain your title from HM Land Registry, confirm the legal owners match the mortgage application, check for restrictions requiring consent, identify the existing charges to be redeemed and confirm whether any second charge, matrimonial home rights notice or bankruptcy entry affects the register.
Where the property is leasehold we check whether the lease meets the lender's minimum unexpired term and whether notice of the new charge must be served on the freeholder — usually for a fee set by the lease.
02Remortgaging
Searches, indemnity and lender requirements
Most lenders permit a search indemnity policy on a remortgage instead of full searches, which saves both time and money. Some insist on the full set. We follow the lender's handbook and tell you which applies before you commit to a completion date.
We also check the redemption figure carefully, including any early repayment charge and the daily interest that accrues between the statement date and completion, so that the amount you release is the amount you expect.
03Remortgaging
Completion day
On the completion date we draw the funds from the new lender, redeem the existing mortgage the same day, pay any agreed fees and send any surplus to you. We then register the new charge and the discharge of the old one at HM Land Registry and confirm when the register has been updated.
STEPSHow the matter runs
Every remortgaging file follows the same sequence.
Title and redemption figures
02Official copies obtained; redemption statements requested from existing lenders.
Report and documents signed
03You receive a short report and sign the mortgage deed.
Completion
04New funds drawn, old mortgage redeemed, surplus released.
Registration
05New charge registered and old charge discharged at HM Land Registry.
Questions we are asked most
Yes — that is a transfer of equity combined with a remortgage. It is a slightly longer file and there may be SDLT consequences where a share of a mortgage is assumed. See our transfer of equity page.
Property law, handled properly.
Need help with remortgaging?
Send us the basic details and we will come back with a written quotation, the likely timescale and the name of the solicitor who will handle it.