Property law
REMORTGAGING - Switching Lenders
Legal advice and conveyancing support for homeowners refinancing or remortgaging (sometimes known as switching) residential property, including title, lender and security documentation.
When should you seek legal advice?
You should consider contacting a solicitor once you have decided to proceed with a remortgage or refinancing and have received, or expect to receive, loan documentation from your new lender. Early involvement can help identify title or registration issues that may delay completion.
What should you do now?
Provide your solicitor’s details to the estate agent, arrange any mortgage approval, valuation or survey required, and gather any information you have about the management company and service charges. Avoid signing legal documents before the contract and title documentation have been reviewed.
documents that may be useful
- New loan offer or mortgage documentation
- Existing mortgage or lender details
- Identification and proof of address
- Title information, if available
- Details of any extensions or alterations
- Planning or compliance documentation, where relevant
- Proposed completion date
How o'Regan little solicitors llp can help
O’Regan Little Solicitors LLP can review the title and lender requirements, deal with the new mortgage documentation, coordinate redemption of the existing mortgage, address title or registration issues and complete the legal steps required for the refinancing.
Frequently asked questions
When should I contact a solicitor about a remortgage?
You should contact a solicitor once you intend to proceed with the refinancing and have details of the proposed new loan or lender.
What happens to my existing mortgage?
As part of the transaction, the existing mortgage will generally need to be redeemed and the new lender’s security put in place. Your solicitor coordinates the legal aspects of that process.
What documents should I bring to an initial consultation?
Bring or send the new loan information, existing mortgage details, identification and proof of address, any title documents you hold, and information about alterations or other matters affecting the property.
Remortgaging Your Property?
Speak with O’Regan Little about the refinancing, lender requirements and any proposed completion date.