Remortgages

Remortgaging your property is very similar to taking out your initial mortgage – you need expert advice from experienced conveyancing lawyers who understand the process and who will take the pressure and jargon away.

There are many reasons for choosing to remortgage, including:

• you want to take advantage of a fixed-rate offer that will save you money
• your income has risen and you want to pay off your mortgage faster
• you want to borrow additional funds to pay for home improvements
• a change in interest rates means your ability to pay your current mortgage has changed
• moving to an equity-release mortgage to free up capital in later life

Whatever the reason for your remortgage, our award-wining team of residential property experts can give you the best advice and the most efficient service.

What is a remortgage?

In simple terms, remortgaging means moving from one mortgage loan to another, often with a different lender, and paying off your old mortgage using the sum from your new mortgage.

Many people use a mortgage broker to find them the best deal available, perhaps seeking to take advantage of a discounted fixed rate period to save them money while others prefer to do the research themselves. Once you’ve found a mortgage that’s right for you, you should speak to an experienced solicitor about the remortgage process.

Specialist remortgage advice from local experts

Remortgages are often dealt with in-house by large mortgage-lending companies. Many lenders will offer to handle the legal side of remortgaging for you and very often this works out well. However, you should be aware that the legal advisors they use are acting for them – the lender – and not you, so if there are any problems in the future you may not have any borrower’s protection.

Choosing your own, local remortgaging solicitors will ensure that you have the necessary protections. This is especially important if your property is in any way unusual, for example if it has mixed residential and commercial use, complicated unregistered titles, requires dividing into separate parts, or transfers between co-owners. In such cases, our experienced conveyancing lawyers can help you, while mortgage lenders’ legal advisers may not.

Supporting you through your remortgage

Remortgaging a property can be a complex process and there can be a lot of financial pressure. With Coodes, you will be able to draw on the expertise of our specialist Personal Disputes team to help you with any issues which may arise during your remortgaging process. You may also yourself being chased for payments by creditors. Our specialist team of lawyers can advise you on how to deal with creditors, giving you chance to catch your breath and reorganise your finances.

We understand that it’s important for you to arrange your remortgage as quickly as possible. As experienced conveyancing lawyers, we work to make the remortgage process as straightforward and stress-free as it can be for you. Your remortgage will be handled by an experienced advisor who will provide straightforward, jargon-free updates at every stage of the process. This personal approach has enabled us to help clients throughout Cornwall and Devon and their positive feedback has led to us winning numerous customer service awards at the ESTAS Conveyancer Awards.

Fees for remortgaging

We recognise that you may be nervous about the legal costs of remortgaging. That’s why we offer fixed fees for conveyancing, with no hidden costs. With Coodes as your remortgage conveyancing lawyers, you’ll have complete certainty – about the process, the progress, and how much it’s going to cost.