Many people are often surprised to learn that you will need a solicitor in order to re-mortgage your existing property.
Re-mortgaging is the process of closing one mortgage account and replacing it with another. In practice, this means that the new mortgage pays off the old and you are then subject to the terms of the new.
There are plenty of reasons to re-mortgage your property, including:
- To gain access to funds from the increase in the value of your property;
- To get the security of a fixed rate, when your current mortgage has reverted to a variable or tracker rate; or
- Locking in a better rate of interest, due to changes in your circumstances since you originally purchased.
Any re-mortgage involves a certain amount of legal know-how and the process can be confusing. With nearly 40 years of experience, Bishop & Sewell can help ensure your re-mortgage runs smoothly and quickly. We are dedicated to offering a full, bespoke service to our clients, so you can be confident you know what to expect every step of the way.
Bishop & Sewell LLP is an award-winning London law firm with offices in Russell Square. Our residential conveyancing solicitors have an outstanding reputation for acting on behalf of individuals with highly successful results.
We have a national reputation and hold the Law Society’s conveyancing quality scheme accreditation. As part of our conveyancing service, we also act on behalf of all major building societies and lending institutions.
Contact our Re-mortgaging Team
For initial advice, a quotation or to arrange a meeting with one of our conveyancing solicitors, please contact us on 020 7631 4141 and ask for a member of the residential team. Alternatively, please use our enquiry form above or email us at email@example.com.