Remortgaging your home
If you are considering remortgaging your home, it is important for you to keep control of the conveyancing process, which is why you should speak to one of our Glasgow conveyancing solicitors first. Our experienced lawyers will provide you with expert advice on remortgaging your home.
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Expert Conveyancing Advice Scotland
For a lot of people their home is their largest financial asset.
Although your new lender may offer you an in-house lawyer, who will act on behalf of the new lender only, it is best for you to instruct your own conveyancing solicitor, so that you may retain control and speed up the remortgaging process. Using an independent solicitor can not only speed up the remortgaging process but ensures that you retain control of all relevant documents relating to the property (eg Building Warrants) that the new lender will not want to retain but are very important to produce when you come to sell the property some time in the future.
Remortgaging your home usually involves changing your mortgage lender so that your new mortgage pays off the old one. It is also possible to remain with the same lender, but change your mortgage package or raise a further advance on your loan.
During the process, your solicitor will examine your title deeds, ensure that everything is in order, and make a report to the new mortgage lender before requesting the new mortgage funds. It is important to note whose name(s) the title deed is in, and carry out the new mortgage in the same name(s) to avoid unnecessary costs and complications.
Your solicitor will be sent the loan paper from your new mortgage lender. He or she will also request your title deeds from your present mortgage lender. On receipt of the new mortgage papers and instructions, your solicitor will draw up and arrange the necessary documents, and payments.
Before you begin the remortgaging your home, it is important to speak to one of our experienced solicitors to ensure that you keep control of your transaction and obtain all the advice you require.
Contact our Conveyancing Solicitor in Glasgow
To find out how we can help you, or to arrange an initial consultation with one of the top conveyancing solicitors in Glasgow, please complete our online enquiry form or contact us on 0141 673 1538.
