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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See what our customers say…
Excellent
Excellent Service
I recently worked with Chelsea Marsh, and I couldn’t have asked for a better experience. She was professional, patient, and explained everything clearly at every stage. Chelsea made what was a very stressful situation feel manageable and guided me through to a fair and smooth resolution. I’d highly recommend her to anyone needing employment law advice.
A very inclusive service
I had had a bad experience with conveyances and decided to switch to Eric Robinson on local recommendation for a sale and purchase. I am registered severely site impaired and spoke to Megan about this and I have been very impressed with how both Emma and Megan have worked with me to accommodate this and ensure I fully understood all the written information I needed to. They have both been extremely responsive to emails and phone calls and it has helped to reduce stress associated with moving. Thank you, EMMA and Megan.
We have been guided and helped by…
We have been guided and helped by Hazzra Huxford with our house move. She has exceeded all expectations and has been so brilliant. We have felt fully supported throughout. She is efficient, professional, and so helpful. It has made the whole complicated process, easy. Answering all of our questions, which there have been a lot! Plus notifying us of things that we otherwise would have missed. She has fought for us, when we didn’t expect it. I can’t even put in to words how grateful we are to have had your help Hazzra. Thank you so much!
Excellent friendly service
Eric Robinson solicitors provided excellent service when I updated my will. Kelly Smith was professional and knowledgeable whilst remaining friendly and approachable. I was kept fully informed of progress and the process was completed swiftly and efficiently. I highly recommend Kelly Smith and Eric Robinson solicitors Francis Sanders
Hazzra recently helped me with the sale…
Hazzra recently helped me with the sale of my property, and I could not recommend instructing Hazzra enough! Hazzra was professional, thorough and extremely organised from the very beginning. I did not have to chase Hazzra once throughout the entire process, her communication was excellent and she explained every step and in a really clear and concise way. Any questions I had were answered promptly and efficiently. Hazzra was kind, considerate and patient throughout the process. A big thank you to Hazzra for making this sale seem so much more stress-free than first anticipated!
Excellent service…
Chantelle got the job done as professionally and quickly as possible despite other parties dragging their heels.
Excellent Service
I recently worked with Chelsea Marsh, and I couldn’t have asked for a better experience. She was professional, patient, and explained everything clearly at every stage. Chelsea made what was a very stressful situation feel manageable and guided me through to a fair and smooth resolution. I’d highly recommend her to anyone needing employment law advice.
A very inclusive service
I had had a bad experience with conveyances and decided to switch to Eric Robinson on local recommendation for a sale and purchase. I am registered severely site impaired and spoke to Megan about this and I have been very impressed with how both Emma and Megan have worked with me to accommodate this and ensure I fully understood all the written information I needed to. They have both been extremely responsive to emails and phone calls and it has helped to reduce stress associated with moving. Thank you, EMMA and Megan.
We have been guided and helped by…
We have been guided and helped by Hazzra Huxford with our house move. She has exceeded all expectations and has been so brilliant. We have felt fully supported throughout. She is efficient, professional, and so helpful. It has made the whole complicated process, easy. Answering all of our questions, which there have been a lot! Plus notifying us of things that we otherwise would have missed. She has fought for us, when we didn’t expect it. I can’t even put in to words how grateful we are to have had your help Hazzra. Thank you so much!
Excellent friendly service
Eric Robinson solicitors provided excellent service when I updated my will. Kelly Smith was professional and knowledgeable whilst remaining friendly and approachable. I was kept fully informed of progress and the process was completed swiftly and efficiently. I highly recommend Kelly Smith and Eric Robinson solicitors Francis Sanders
Hazzra recently helped me with the sale…
Hazzra recently helped me with the sale of my property, and I could not recommend instructing Hazzra enough! Hazzra was professional, thorough and extremely organised from the very beginning. I did not have to chase Hazzra once throughout the entire process, her communication was excellent and she explained every step and in a really clear and concise way. Any questions I had were answered promptly and efficiently. Hazzra was kind, considerate and patient throughout the process. A big thank you to Hazzra for making this sale seem so much more stress-free than first anticipated!
Excellent service…
Chantelle got the job done as professionally and quickly as possible despite other parties dragging their heels.
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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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