Remortgaging Solicitors – Get an Instant Quote Today
Remortgaging can lower your monthly payment
Take advantage of improved interest rates or reduced mortgage fees.
Why choose Eric Robinson Solicitors?
- Get an instant online quote tailored to your needs
- Specialist property lawyers with experience in buying and selling
- Law Society’s Conveyancing Quality Scheme (CQS) accreditation
- Latest paperless technology making conveyancing easy
Remortgaging FAQs
What does remortgaging mean?
Remortgaging means moving your mortgage to a new lender while staying in the same property.
Is remortgaging a good idea?
Remortgaging can be an effective way to save money on your monthly mortgage payments. Most people re-mortgage to secure a lower monthly rate of repayment, which usually derives from securing a more competitive interest rate.
Are there other reasons why people remortgage?
Aside from seeking to reduce the rate of monthly repayments home owners may choose to remortgage in order to raise capital by withdrawing equity from the property, or remortgaging may be used as a means of consolidating other more expensive short term debts.
Can there be hidden costs when remortgaging?
Although your chosen lender will take you through the details relating to your new mortgage it can sometimes be difficult to make a clear comparison with the terms of your existing mortgage terms. In some instances, the monthly saving that you stand to make can be outweighed by the fees that you will be required to pay to your new lender to secure the product. It therefore important that you consider all of the costs.
What is an arrangement fee?
An arrangement fee is the charge that your new lender will make to secure their product. You may also be charged a further fee by any mortgage broker that you use on account of the cost of their service.
What is an early repayment charge?
When you take out a mortgage you are usually required to retain it for a minimum period (i.e. 2,3 or 5 years). This minimum fixed term period usually runs for the same period as the headline interest rate. If you want to re-mortgage and move to a new lender before the expiry of your minimum fixed term period, your existing lender may charge you a penalty fee. The penalty fee may be a fixed amount, or a percentage of the overall outstanding balance of your loan. Once your minimum fixed term period has ended you will be free to move to a new lender without incurring an early repayment charge.
Do I need to get my house valued when I remortgage?
This will depend entirely upon the requirements of your new lender however it is normally safe to assume that a valuation will be required.
How many times can I re-mortgage?
There is no limit on the number of times that you can re-mortgage however you will need to bear in mind that every time you move to a new product you may be required to arrangement fees, and if you re-mortgage during the minimum fixed term period on your existing product you may incur an early repayment charge.
Can I re-mortgage with my existing lender?
Yes. When you re-mortgage with your existing lender the process is normally a little more straightforward as you will only be required to agree to the terms of the new product. This should mean that there is no need for you to have a valuation carried out but this is not always the case. Each lender is different and will impose their own requirements.
When do I need to instruct a lawyer?
Normally it is only necessary to instruct a lawyer to act on your behalf when you choose to re-mortgage with a new lender.
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Our solicitor Vicki Jones was amazing
Our solicitor Vicki Jones was fantastic, she was always contactable and at every step of thexway explained in simple terms the stage we are at and what we needed to do next. I highly recommend Eric Robinson and especially Vicki Jones she is a shining star.
Professional, supportive and highly recommended
I can’t recommend Nayo at Eric Robinson Solicitors highly enough. He supported me through a difficult and stressful employment situation, providing clear, honest and practical advice throughout. He took the time to explain my options, was always approachable and responsive, and helped me feel confident in the decisions I was making. What I particularly appreciated was his balanced and pragmatic approach. He understood what I wanted to achieve and helped me navigate the process calmly and professionally, always keeping my best interests in mind. I’m incredibly grateful for his guidance and support, and wouldn’t hesitate to recommend him to anyone needing employment law advice. Thank you, Nayo!
Chantelle dealt with the sale of my…
Chantelle dealt with the sale of my late Mothers property. I cannot thank her enough, she was very professional and excellent in her role. I would have no hesitation in recommending her, and Eric Robinson solicitors, and I would definitely use them again.
Excellent employment legal specialist services
Nayo Kirkpatrick provided excellent support and clear guidance throughout the process, and helped me navigate an unfamiliar situation with speed and professionalism. Highly recommend his services to anyone in need of a top quality employment lawyer.
I would like to sincerely thank Miya…
I would like to sincerely thank Miya Smith for all her help and support throughout the purchase of our property. From the beginning to completion, Miya was always professional, patient and extremely helpful. She took the time to explain matters clearly and was always willing to answer our questions and guide us through the various stages of the purchase. As English is not our first language, we particularly appreciated her patience in explaining the legal matters and documents to us. She kept us informed throughout the process and dealt with everything carefully and efficiently. We are very grateful for all her hard work and assistance in helping us complete our purchase successfully. It was a pleasure to have Miya act for us, and we would have no hesitation in recommending her to others. Thank you very much, Miya, for all your help and support.
Our solicitor Vicki Jones was amazing
Our solicitor Vicki Jones was fantastic, she was always contactable and at every step of thexway explained in simple terms the stage we are at and what we needed to do next. I highly recommend Eric Robinson and especially Vicki Jones she is a shining star.
Professional, supportive and highly recommended
I can’t recommend Nayo at Eric Robinson Solicitors highly enough. He supported me through a difficult and stressful employment situation, providing clear, honest and practical advice throughout. He took the time to explain my options, was always approachable and responsive, and helped me feel confident in the decisions I was making. What I particularly appreciated was his balanced and pragmatic approach. He understood what I wanted to achieve and helped me navigate the process calmly and professionally, always keeping my best interests in mind. I’m incredibly grateful for his guidance and support, and wouldn’t hesitate to recommend him to anyone needing employment law advice. Thank you, Nayo!
Chantelle dealt with the sale of my…
Chantelle dealt with the sale of my late Mothers property. I cannot thank her enough, she was very professional and excellent in her role. I would have no hesitation in recommending her, and Eric Robinson solicitors, and I would definitely use them again.
Excellent employment legal specialist services
Nayo Kirkpatrick provided excellent support and clear guidance throughout the process, and helped me navigate an unfamiliar situation with speed and professionalism. Highly recommend his services to anyone in need of a top quality employment lawyer.
I would like to sincerely thank Miya…
I would like to sincerely thank Miya Smith for all her help and support throughout the purchase of our property. From the beginning to completion, Miya was always professional, patient and extremely helpful. She took the time to explain matters clearly and was always willing to answer our questions and guide us through the various stages of the purchase. As English is not our first language, we particularly appreciated her patience in explaining the legal matters and documents to us. She kept us informed throughout the process and dealt with everything carefully and efficiently. We are very grateful for all her hard work and assistance in helping us complete our purchase successfully. It was a pleasure to have Miya act for us, and we would have no hesitation in recommending her to others. Thank you very much, Miya, for all your help and support.
Key contacts
Ben Smith
Senior Associate Solicitor
Afshana Ullah
Solicitor
Michelle Parker
Senior Associate Conveyancing Executive
Michala Ward
Senior Conveyancing Executive
Emma Gillespie
Senior Solicitor
Chelsea Marsh
Solicitor
Miya Smith
Senior Solicitor
Sarah Hogarty
Senior Associate Solicitor
Ben Morgan
Conveyancing Executive
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Why choose Eric Robinson Solictors?
- Get an instant online quote tailored to your needs
- Specialist property lawyers with experience in buying and selling
- Law Society’s Conveyancing Quality Scheme (CQS) accreditation
- Latest paperless technology making conveyancing easy
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