Lawyers for Remortgaging Your Home
Remortgaging your home is a consideration you may take at one point or another, weighing up the pros and cons of such a move.
However, a decision of such importance is certainly not to be taken lightly, and you will require expert legal advice to make sure everything is in place and runs smoothly as you progress through a process that might appear complex, to begin with.
Once you have decided to remortgage, we can help you get everything sorted as soon as possible.
We can give you all the guidance you need to lock in your new rate that keeps monthly repayments affordable and ensures what can seem a confusing process is made simple and efficient.
Remortgaging Services
Why Do People Choose to Remortgage Their Property?
There are a number of reasons as to why people may choose to remortgage their homes.
To Release Equity
Equity is the name given to the amount of money that you have in your property after your mortgage loan is taken away.
If you have equity in your property that you want to release, you can do this either by selling your property or remortgaging it.
Remortgaging can be a good way of releasing some of the equity in your home, for example, if you want to:
- Carry out home improvements
- Pay off debts
- Help a family member financially
Coming to the End of Your Fixed Rate Period
Most mortgage lenders offer a low fixed-rate interest term at the start of the mortgage for a fixed period.
This might be two years, three years, or even ten, but at some point, it does come to an end and the interest rate on your mortgage is likely to increase as the interest will switch to the current lender’s standard variable rate.
To avoid paying a higher or variable rate of interest, you can replace your existing mortgage by looking at new mortgage deals, which many people decide to do to give them more certainty over their monthly mortgage payments.
To Increase Your Borrowing
You can remortgage your property to increase the amount of money you have borrowed from your home.
You can then use these extra funds to pay for things such as home improvements, pay off other debts, or put towards school fees.
Why Choose Home Property?
Home Property (formerly known as Beyond Conveyancing) is a leading North-West, award-winning practice and we are passionate about delivering excellent results for our clients.
Our conveyancing team, led by director Cordelia Grassby, is made up of highly experienced specialist solicitors who will ensure you receive an efficient, friendly, and reliable service.
We use modern technology to enable us to provide the very best service to our clients, but we keep our clients at the heart of everything we do, and traditional values and personal service remain at our core.
We pride ourselves on providing a service that is personal and tailored to each client’s transaction and individual requirements.
We offer fixed conveyancing fees so you’ll know exactly how much our services will cost you from the outset, offering our clients a transparent service, and providing peace of mind throughout the transaction.
Get in Touch with Our Expert Team
We’re a full-service conveyancing practice with teams covering every conceivable aspect of property law so if you need support with remortgaging, transferring equity, or any other conveyancing issue, we can help.
To speak to one of our expert property solicitors, you can call us at 0333 433 0275, email us at hello@homepropertylaw.co.uk, or fill in our contact form.
