Remortgage

• Preliminary information – we will send you a form to complete, to give us the information we require – such as name and address of both existing and new lenders, your account numbers and any related transaction, such as change of owners of the property, or life policies to be used or released. We will then be able to obtain title deeds from H.M Land Registry, and obtain the deeds packet from your existing lender, together with any requirements they have for paying off the current lender

• Mortgage offer - when your application for the new mortgage has been processed, the new lender will send both you and us, a formal mortgage offer with a number of conditions and requirements that you, or we, need to deal with at this stage. At this point, you will need to see us, or another solicitor, in person, to sign the mortgage deed. At this point we will also need to see your passports

• Searches – the new mortgage lender will probably want us to undertake certain searches on the property (at your expense) before we can complete

• Finance – if the amount you are borrowing on the new loan, is less than the amount owing on the new loan, plus the costs and search fees, we will need the balance from you before we complete     

• Insurance – if the new lender requires you to arrange either new life, or buildings insurance, we will need written evidence from the insurance company that they have accepted the insurance proposals and that the cover meets the lender’s requirements

• Solicitor’s Certificate – we’ll report to the new lender that the search results are clear, and that all their conditions have been completed with, in order to get the money from the new loan from them  

• Completion – we will pay off (redeem) the old mortgage and all costs, sending the surplus funds to you.  Then, we will attend to the registration of your new mortgage at H.M. Land Registry.