Your Legal Partner for a Smooth Remortgage Process
Let us handle the legal logistics of your remortgage so you can focus on what matters.
Remortgaging is an opportunity to take control of your finances. Whether it’s securing a better interest rate, releasing equity, or switching to a more suitable mortgage product.
While your lender handles the financial arrangements, the legal side of remortgaging requires careful attention to ensure a smooth and efficient transaction. That’s where we come in.
At KAYA Law, we specialise in managing the legal logistics of remortgaging, protecting your interests at every step and ensuring the process is hassle-free.
Need Help with the Legal Side of Your Remortgage? Contact Us Today.
Let us handle the legal complexities so you can focus on securing better mortgage terms. Reach out now for expert support and a hassle-free remortgage process.
Legal Processing of Your Remortgage
1. Initial Instruction
The remortgaging process begins with an initial consultation. Once we receive your instruction, we gather all necessary details about your current mortgage and property.
We’ll provide you with a clear, detailed breakdown of our services and associated costs, ensuring you know exactly what to expect from the start.
Start your remortgage journey with confidence, knowing everything is clearly explained upfront.
2. Reviewing Your Existing Mortgage
We carefully review the terms of your current mortgage and obtain a redemption statement.
This helps us understand the outstanding balance and any early redemption or exit fees that may apply.
This critical step allows us to plan for the financial aspects of your remortgage, ensuring all costs are accounted for.
Avoid surprises with a clear understanding of your current mortgage obligations and costs.
3. Property Searches
Depending on your new lender’s requirements, we may conduct property searches or arrange indemnity insurance.
Searches provide detailed information about the property’s history and compliance.
Indemnity insurance, when permitted, offers a faster, more cost-effective alternative.
We navigate the options to ensure the process is efficient and meets your lender’s needs.
4. Reviewing the Mortgage Offer
Your lender will issue a formal mortgage offer, which we meticulously review to ensure all conditions are met.
We liaise with both you and your lender to address any concerns or queries promptly, ensuring a smooth progression to the next stage.
Feel reassured that every condition is reviewed, protecting your interests at all times.
5. Signing the Remortgage Deed
Once all terms are agreed, we arrange for you to sign the remortgage deed and any additional required documents.
Complete this step with ease, knowing all legal documentation is managed and prepared for you.
6. Completion
On the completion date:
Funds from your new mortgage are received.
Your existing mortgage is paid off in full.
Any surplus funds, if applicable, are disbursed directly to you.
This marks a significant milestone in the remortgage process.
Enjoy a seamless transition to your new mortgage, with all financial matters handled expertly.
7. Post-Completion
After completion, we update the Land Registry to reflect your new mortgage and provide proof of this transaction to your lender.
This step ensures that all legal and administrative requirements are fulfilled, finalising the process.
Rest assured that every final detail is managed, leaving no loose ends.
8. Leasehold Transactions
Leasehold properties come with additional steps, and we handle these thoroughly to ensure compliance with your new lender’s requirements.
Here’s what we do:
Review Lease Terms: We examine the lease duration, terms, and restrictions to ensure they meet lender requirements.
Liaise with Freeholder or Management Company: We obtain necessary information and consents, ensuring all accounts and records are up to date.
Avoid delays and ensure compliance with expert management of leasehold-specific requirements.
Ready to Simplify Your Remortgage Process? Contact KAYA Law Today.
Whether you need expert legal advice or assistance with the legal logistics, we’re here to make your remortgage smooth and hassle-free. Call us now or leave your details, and we’ll get back to you promptly to discuss your needs.