Conveyancing for Remortgages: Do You Still Need a Solicitor?
When people think of conveyancing, they often picture buying or selling a home. But what about remortgaging? If you’re switching to a new deal or lender, you might be wondering whether you really need a solicitor. The short answer is: in most cases, yes.
Why Remortgage?
Many homeowners remortgage to secure a better interest rate, release equity, or change to a product that suits their needs better. The process is usually quicker than buying or selling, but it still involves legal checks.
The Role of a Solicitor
If you’re staying with the same lender, you might not need legal assistance. But if you’re moving to a new lender, they’ll require a solicitor to confirm that your title deeds are in order and that the property is legally secure to lend against.
What’s Involved?
Your solicitor will: - Check the title register and deeds. - Ensure there are no legal issues affecting the property. - Handle repayment of your old mortgage and register the new one. - Deal with the Land Registry on your behalf.
Do Lenders Provide Solicitors?
Some lenders cover the cost of legal work by appointing their own panel solicitors. Others may ask you to instruct your own solicitor, so it’s worth checking your mortgage offer carefully.
Is It Expensive?
Remortgage conveyancing is usually cheaper than a purchase, as there’s no need for searches unless the lender requires them. Fees vary but are typically straightforward.
Summary
Having a solicitor involved in your remortgage ensures that your property remains legally sound and that the lender’s requirements are met without issue.
At Edward Hands & Lewis Solicitors, we help clients remortgage smoothly and with minimum fuss, making sure everything is handled correctly from start to finish.
Contact EHL Solicitors:[Text Wrapping Break]Visit: www.ehlsolicitors.co.uk[Text Wrapping Break]Call: 0115 955 3444[Text Wrapping Break]Email: info@ehlsolicitors.co.uk
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The information contained in this article does not constitute financial advice or recommendation and should not be considered as such. Edward Hands and Lewis Solicitors does not offer financial advice and is not regulated by the Financial Conduct Authority (FCA), the authors of this article are not financial advisors and are therefore not authorised to offer financial advice.
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When people think of conveyancing, they often picture buying or selling a home. But what about remortgaging? If you’re switching to a new deal or lender, you might be wondering whether you really need a solicitor.
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