Remortgaging Solicitors – Get an Instant Quote Today

Get a Free Instant Remortgaging Quote

At Eric Robinson Solicitors, we help homeowners remortgage their property to fit their financial needs and obligations.Get a free and instant remortgaging quote today using our instant quote tool.

We are transparent about our fees and think it’s important that our potential clients know what we charge up-front so that you can make informed decisions when choosing remortgaging solicitors. 

Benefits of Using the Instant Remortgaging Quote Tool 

By using our instant conveyancing quote tool you can get a remortgaging quote that is tailored to your specific needs.

• Free and easy to use
• Personalised for your specific needs
• Your quote will include all fees payable
• There is no obligation to hand over your contact details or proceed with us, but if you do, it is easy to get in touch.

What is remortgaging?

Remortgaging is when you move your existing mortgage to a new lender and stay in the same property. Your new mortgage will then replace the old one. 

Many people choose to remortgage their home once they are on the property ladder because it can be a way of lowering their monthly mortgage payment by taking advantage of improved interest rates or reduced mortgage fees. Remortgages can provide a good reason for seeking out a new lender, allowing you to find the best mortgage deal that works for both your current and future circumstances.

What is the Process of Remortgaging?

The remortgage process differs from case to case based on a variety of factors such as the mortgage offer, how existing mortgage repayments are made, as well as the booking fee and any admin charges or early repayment charges. A remortgage conveyancing Solicitor can advise on what the best option is for you and guide you through the process that is suitable to your personal circumstances.

This process will likely involve:

• An initial consultation: your solicitor will assess your goals for remortgaging and will review your existing mortgage terms.
• Reviewing your mortgage offer: consider all the costs including the application fee, valuation fee and the solicitors fee as well as ensuring you are happy with the term length, and any special conditions such as early repayment fees. You can see what you are likely to pay for our remortgaging solicitor services by using our instant quote tool now. 
• Legal process: your solicitor will handle the legal paperwork, fulfilling requirements from the mortgage lender and any property valuations that need to take place.
• Existing mortgage settlement: The solicitor will manage the transfer of funds to pay off your existing mortgage with funds from your new lender.
• Completion: Finalise the remortgage transaction and register the new mortgage.

Our years of experience mean we can offer the highest quality of customer service and our expertise means that we are able to advise and support our clients through any situation they find themselves in. Your advisor will always be by your side acting on your behalf until the new mortgage is completed ensuring that everything is in order.

Our remortgage Solicitors will use the latest paperless technology to provide a bespoke quote for the cost of the remortgage conveyancing fee. We will then immediately advance your matter from the receipt of your instructions, and will keep you fully informed throughout the entire process.

What are the benefits of remortgaging?

The main reasons for considering a remortgage are: 

• You are coming to the end of a fixed rate and your existing lender’s deals or products are not suitable, or you want a better deal than they can provide. 
• You wish to borrow more money against your property or release equity. 
• You are looking for a different type of mortgage. 

There are also various benefits to remortgaging. Depending on interest rates you may be able to reduce your monthly payments, or have more stability moving forward with fixed monthly payments. You may be able to reduce your mortgage term if you can commit to higher payments or overpayments, or release equity to consolidate debts. You may also be able to borrow more money with a different lender. 

We would always recommend that you seek financial advice when considering a remortgage, to ensure long term affordability.

How much does it cost to remortgage? 

The cost of remortgaging will vary from a few hundred to several thousand pounds depending on the following factors: 

• The terms of your current loan 
• The terms of the new mortgage agreement 
• The fees charged by a remortgaging solicitor or mortgage broker
• Whether any early repayment fees are applicable 

To avoid early repayment fees, try and line up the end of your current mortgage with the start of a new one. This is possible because most mortgage deal offers are valid for 3-6 months meaning that you can plan well in advance. 

Other fees to take into consideration are the legal fees, these include:

• Search fees
• Land registry fees

Each of these fees are included in the no-obligation quote you will receive when you use our free instant quote tool. You may also need to pay for a surveyor to value the property.

We understand that planning for a remortgage can be complex and it is important to know upfront what you may need to pay.

How Eric Robinson Solicitors can help 

At Eric Robinson Solicitors, our lawyers are expert advisors in conveyancing and the remortgaging process. They will work closely with your current mortgage lender, and your new one, to make sure that the legal work runs smoothly.

Our costs and advice will be charged on a fixed fee basis and we are authorised and regulated by the Solicitors Regulation Authority, guaranteeing a professional service that you can rely on.

We aim to help you in understanding the process, which is very important when you are weighing up details of various remortgage deals. 

Contact Your Closest Office Today

To speak to us and find out more, get in touch with one of our local branches at the following locations: Southampton, Hedge End, Chandlers Ford, Winchester, Lymington, or Richmond Upon Thames.