Why You Need a Solicitor for Your Remortgage
Are you aware of the vital role a solicitor plays when it comes to remortgaging your home? While some lenders may have their own preferred channels to handle legal procedures, a significant number do not offer this service. Surprisingly, many homeowners are unaware that enlisting a solicitor is a crucial step in the process.
Maximising Your Remortgage Benefits
When considering remortgaging, it’s imperative to understand that having a solicitor on your side is not just an option; it’s a necessity. Whether your existing mortgage deal is coming to an end, or you’re not bound by a fixed term, exploring the benefits of switching to a different lender is a prudent financial move.
This switch can potentially lead to more favourable interest rates, offering the opportunity for lower monthly payments. It can also unlock equity, providing the financial freedom to make significant purchases. If stability in your monthly budget is a priority, opting for a fixed interest rate can be a wise decision.
How JMP Solicitors Can Ensure a Hassle-Free Process
Our dedicated team is ready to provide you with clear, practical guidance every step of the way. Acting as the bridge between your current and new lenders, we are able to ensure a seamless transition. Here’s how we assist you:
- Thorough Document Review: We will review all essential documents, including title deeds from the Land Registry and the redemption statement from your existing lender.
- Comprehensive Mortgage Offer Evaluation: We review your new mortgage offer, swiftly resolving any potential issues. Our aim is to ensure that everything is in place to meet your new mortgage provider’s lending requirements.
- Efficient Paperwork Handling: We take care of the paperwork, ensuring all formalities are handled promptly. This includes finalising the new mortgage deed and coordinating a completion date that aligns with your schedule.
- Seamless Fund Transfers: Upon receipt of funds from your new lender, we efficiently pay off your old mortgage. Any remaining balance is promptly forwarded to you. We then register your new mortgage with the Land Registry.
JMP Solicitors Conveyancing Department offer expert assistance throughout the remortgage process and simplifying this journey to our clients. We are currently offering re-mortgages for £500. Keep in mind that most lenders offer a minimum of £500 cashback when agreeing to new offers, effectively making legal fees ‘free’.
Contact the team today on 01476 565 295 or send us an email at [email protected] for a complimentary no-obligation quote.
