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If you’re thinking about changing your mortgage, there’s a lot you’ll need to consider. Re-mortgaging your property can seem a little daunting at first and it is always a good idea to seek advice from legal professionals before deciding to re-mortgage your home.
Gorvins Residential are a leading provider of legal services to the UK residential re-mortgage market. The process can seem confusing, but the Gorvins Residential re-mortgaging conveyancing team is always on hand to provide assistance and clarification to ensure that re-mortgaging is as stress-free as possible. We are proud to handle all re-mortgaging transactions across England and Wales.
To obtain a quote for re-mortgaging your property call our re-mortgaging solicitors on 0161 930 5350 or e-mail enquiries@gorvinsresi.com
Re-mortgaging involves taking out a new mortgage on a property without moving home. There is a range of different options to choose e.g. repayment, endowment, pension and interest only.
There are a number of reasons why you might be considering re-mortgaging your property:
It is important to ensure re-mortgaging is cost-effective for your personal situation, for example, if the value of your outstanding mortgage is small, it is quite likely that the costs of re-mortgaging will cancel out any potential savings on offer.
When you sign up for a new mortgage deal, you may be locked into it for a certain period of time; usually around one to five years. It is therefore important to check and discuss with a financial advisor or mortgage expert your specific situation.
Not every mortgage change requires a solicitor, and it is worth knowing the difference before you pay for one. If you are staying with your existing lender and simply moving onto a new deal, that is usually a product transfer, and no legal work is needed. If you are moving to a new lender, borrowing more, releasing equity or changing who owns the property, that is a remortgage, and your new lender will require a solicitor to act.
One point catches people out regularly: your solicitor must be on your new lender’s approved panel, and if they are not, the lender may insist on separate representation at additional cost. Gorvins Residential is on the panel of all major UK lenders, and our remortgage conveyancing team acts for homeowners in Stockport, Manchester and across England and Wales.
The re-mortgaging conveyancing process can seem daunting but at Gorvins Residential we are here to help. Our large team of re-mortgaging solicitors are experienced in helping a wide range of clients through the re-mortgaging process and take great pride in providing a comprehensive and professional service.
For your free quote and to find out what Gorvins Residential can do for you, call one of the team today on 0161 930 5350, e-mail enquiries@gorvinsresi.com or fill out an enquiry form for a call-back.
When you remortgage, your new lender needs legal assurance that their loan is secured against a valid property title. As your solicitors, we act for both you and your new lender. Our role is to verify your identity, check the property’s title at the Land Registry, manage the transfer of funds from the new lender, pay off your old mortgage, and officially register the new mortgage charge against your property. This legal due diligence is a non-negotiable requirement for all mortgage lenders.
We make the process as straightforward as possible. Once you instruct us, our dedicated remortgaging solicitors will:
A standard remortgage typically takes between 4 to 8 weeks to complete from the point we receive your mortgage offer. The exact timeframe can depend on how quickly we receive documents from your new and old lenders. Our team at Gorvins Residential will work proactively with all parties to ensure your remortgage proceeds without unnecessary delays.
To get things moving quickly, we will typically need three key things from you:
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Gorvins Residential LLP
Gorvins Residential is the trading name of
Gorvins Residential LLP
Dale House,
Tiviot Dale,
Stockport,
SK1 1TA
