Remortgage Conveyancing Solicitors

Remortgaging can allow you to save a significant amount of money by allowing you to move to a lower interest rate. Or, it can let you raise extra money to make improvements to your home.

There is a strict legal process you have to go through when remortgaging, however, to ensure that your interests are protected.

Contact our remortgage solicitors in Bristol and South Gloucestershire

To speak to our specialist remortgaging solicitors in Bristol, contact us on 0117 325 2929. Alternatively, to get an instant quote free of charge, complete our online form.

Why choose Barcan+Kirby’s remortgage solicitors?

Our remortgage solicitors can help you with all aspects of remortgaging. We have decades of experience in managing remortgaging for a wide variety of clients and therefore have the expertise to ensure that you get the best deal without the risk of getting caught out by any unexpected issues.

We believe that effective communication is the key to a straightforward remortgage transaction. Our conveyancing solicitors aim to make it as easy and convenient as possible for you to stay in touch. We are happy to work face-to-face, by phone, by email or even via video conferencing, meaning you can have your conveyancing carried out in a way that fits around your life and commitments.

Your case will be managed by a single, experienced conveyancing lawyer. They will oversee the entire remortgaging process and provide regular updates throughout. You will therefore always know who to go to with any questions and won’t have to worry about being passed between several different people during the process.

Our goal is to ensure you have complete confidence in the way we handle the conveyancing for your remortgage, whilst making our service as simple, cost-effective and reliable as possible.

Get in touch with our conveyancing solicitors for remortgaging in Bristol

We work with clients all over the UK from our six offices spread across Bristol and the surrounding area in Bedminster, Bishopston, Clifton, Kingswood, Queen Square and Thornbury.

To speak to our specialist property lawyers for help remortgaging your home, call 0117 325 2929 or complete our online enquiry form for a free quote.

Our remortgage services

Our highly experienced remortgage conveyancing solicitors can handle every aspect of the legal side of remortgaging for you. This includes:

  • Requesting the title deeds and mortgage redemption statement from your current lender.
  • Checking the terms of your new mortgage offer.
  • Carrying out the required checks and searches, including bankruptcy searches. This ensures there are no unexpected issues and your remortgage can progress smoothly.
  • Receiving the funds from your new lender and ensuring your current mortgage is paid off promptly.
  • Amending your title deeds with the Land Registry to reflect the change of lender.

We can also provide more general advice and support on any aspects of residential property law you need assistance with, so please don’t hesitate to get in touch if you have an issue you need help with.

Equity release

Equity release is a way of releasing some of the value of a property you own, whilst continuing to live there. It’s a great way of releasing some money to use for important life events such as a first home deposit for grown-up children or to put towards building work.

The most popular type of equity release is a ‘lifetime mortgage’. This allows homeowners to release equity, either as a lump sum or in smaller amounts, and then repay the amount borrowed, plus any accrued interest, when they die or move into care.

The equity release process itself is relatively simple, however, it’s a big commitment and so it’s important that home owners understand the implications of releasing equity. Our remortgaging solicitors can advise you on equity release and the legal considerations that go with it. Call us on 0117 325 2929 to speak to our conveyancing team.

Blog | Why choose equity release?

Remortgaging FAQs

When you remortgage, you are effectively taking out an entirely new mortgage, with new terms and conditions, even if you stay with the same lender. This means your lender will want to carry out a valuation of your property and you will need to sign a new mortgage agreement. The new mortgage will then be used to pay off your old mortgage.

When you are considering remortgaging, your solicitor can contact your current mortgage lender and request the title deed and a redemption statement. The redemption statement tells you exactly how much you will need to pay, including fees and interest, to repay your existing mortgage. You will need this before you can apply for a new mortgage so you and your new lender can see how much you need to pay off your previous mortgage.

When you have been offered a new mortgage, your solicitor will review the new mortgage agreement for you, making sure you fully understand all of the terms and conditions and that the new mortgage deal serves your best interests. Even when a mortgage seems cheaper due to having a lower interest rate, there are all sorts of other costs to consider that you need to be clear about.

A solicitor will also handle the transfer of funds for you, making sure the money from your new mortgage is paid promptly into your old mortgage account, ensuring no delays or potential difficulties with your previous lender.

Additionally, a solicitor can update the title deeds with the Land Registry with the details of your new lender.

In theory, you are perfectly entitled to remortgage a property you bought through Help to Buy. However, it is important to note that many lenders will be reluctant to let you do so until you have built up a certain level of equity in the property. You may also find that you are not able to access the best interest rate deals on a remortgage until you have built up a significant amount of equity.

This depends on a variety of factors, including your reasons for remortgaging and the interest rates currently available.

The most common time to remortgage is when an introductory fixed-rate period ends and you are moved onto a standard variable rate. However, some lenders may not allow you to remortgage until a certain number of years into your mortgage, so it is important to check this before considering your options.

This entirely depends on the original mortgage deal that you signed with your lender. Some allow you to remortgage at any time, others may require you to stick with your existing deal for a certain number of years. However, in general, you will usually need to wait at least 6 months after completion on a property before you can remortgage.

Contact our remortgage solicitors in Bristol for a free quote

For a free quote, complete our short form. Our charges are transparent and we outline all fees and disbursements upfront, meaning that you’ll understand the full extent of your conveyancing charges from the very start.

Alternatively, you can call us on 0117 325 2929.

  • "Thanks so much for all your hard work, Farah, especially the last minute cost change. We’re thrilled we managed to win that one and, in a large part, down to your advice and confidence that we could make a difference there."
    JackResidential Conveyancing Client
  • "Kim and Abigail... not sure where to start! You have been incredible and supportive and the best solicitors I could have hoped for. You went above and beyond to create what was one of the best days of my life on Friday! I have a home and my daughter had a roof over her head in time for Christmas.

    Sat here very emotional writing this because I’ve never actually met you, yet what you have done is so amazing!"
    AnonResidential Conveyancing Client
  • "Just a little note to say a massive thank you for all you did for us to make the sale and purchase actually happen! Thanks also for all the advice and reassurances you gave us."
    Abi and TimResidential Conveyancing Clients
  • "Thank you again for all of your help throughout our sale and purchase. I’m really glad that Barcan+Kirby were recommended to us and we will definitely recommend you in the future.

    You in particular (Anca) have been fantastic and we both really appreciate what you have done to get things through for us quickly. Even though the stamp duty holiday has been extended, your hard work would have saved us thousands of pounds."
    Rob and LianaResidential Conveyancing Clients
  • "We wanted to email to thank you for everything you (Holly) and Hattie did for us. We really appreciated your professionalism and guidance during the purchase of our first home. We would not hesitate to recommend your services to anyone in need of a conveyancing services."
    Jo and RoryResidential Conveyancing Client