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Remortgaging Your Property

Whether you're switching lenders, securing a more competitive mortgage deal or releasing equity from your property, our experienced conveyancing solicitors provide practical legal support throughout the remortgaging process.

...with you every step of the way since 1927

Whether you're switching lenders to secure a more competitive deal, releasing equity from your property or coming to the end of a fixed-rate mortgage, remortgaging can help you achieve your financial objectives while ensuring your property arrangements remain suitable for your circumstances.

At Eaton Smith, our experienced residential conveyancing solicitors provide clear, practical advice throughout the remortgaging process. We work closely with homeowners and mortgage lenders to ensure the legal aspects of the transaction are handled efficiently, helping your new mortgage complete as smoothly as possible.

Why Remortgage?

There are many reasons why homeowners choose to remortgage, including:

  • Securing a more competitive interest rate
  • Moving from a variable rate to a fixed-rate mortgage
  • Releasing equity from a property
  • Funding home improvements
  • Consolidating existing borrowing
  • Adjusting mortgage arrangements following a change in circumstances
  • Purchasing a partner's share of a property
  • Reaching the end of a fixed-term mortgage deal

Whatever your reason for remortgaging, obtaining legal advice can help ensure the process progresses efficiently and any issues are identified early.

How We Can Help

Our residential conveyancing team can assist with all legal aspects of your remortgage transaction, including:

  • Reviewing your lender's mortgage instructions
  • Verifying ownership and title information
  • Checking for any restrictions affecting the property
  • Coordinating with your existing and new mortgage lenders
  • Obtaining redemption statements for existing mortgages
  • Arranging completion of the remortgage
  • Registering the new mortgage with HM Land Registry

We will keep you informed throughout the process and provide clear explanations of any legal requirements affecting your transaction.

Releasing Equity from Your Property
Many homeowners choose to remortgage in order to release equity built up in their property.

Equity may be used for a variety of purposes, including home improvements, major purchases or other financial commitments. If you are remortgaging to release equity, our team can guide you through the legal process and ensure the transaction is completed correctly.

Related Services

Why Choose Eaton Smith?

We understand that homeowners want the remortgaging process to be straightforward and efficient.

Our clients benefit from:

  • Experienced residential conveyancing solicitors
  • Clear legal advice without unnecessary jargon
  • Regular updates throughout the transaction
  • Responsive communication
  • Practical solutions to potential issues
  • A proactive approach to progressing matters

Our aim is to provide a seamless remortgaging experience from instruction through to completion.

Need Advice on Remortgaging?

Whether you are changing lenders, releasing equity or reviewing your current mortgage arrangements, our residential conveyancing solicitors are here to help.

Contact Eaton Smith today to discuss your remortgage and obtain a quotation 

Frequently Asked Questions

Remortgaging involves replacing your existing mortgage with a new mortgage, either with your current lender or a different lender.

Yes. A solicitor is usually required to deal with the legal aspects of the transaction, including updating mortgage details, liaising with lenders and registering the new mortgage at HM Land Registry.

Most remortgages complete within 4 to 8 weeks, although timescales can vary depending on the lender, the complexity of the transaction and whether additional legal issues arise.

Yes. Some homeowners choose a product transfer with their existing lender. In certain circumstances this may involve little or no legal work, although requirements vary depending on the lender and the transaction.

This involves borrowing against the equity you have built up in your property. The funds released can be used for purposes such as home improvements, debt consolidation or other major expenditures.

Not always. Some lenders accept search indemnity insurance instead of full searches, while others may require certain searches depending on the circumstances.

On completion, your existing mortgage is redeemed using funds provided by your new lender, and the new mortgage is registered against the property.

Yes. Many homeowners remortgage to release equity for extensions, renovations or other property improvements, subject to lender approval.

In some cases, yes. If ownership of the property is changing at the same time, a Transfer of Equity may be required alongside the remortgage.

Costs vary depending on the lender's requirements and the complexity of the transaction. We can provide a clear quotation at the outset so you understand the costs involved.

Need Advice on Remortgaging Your Property?

We've been advising clients since 1927. Get in touch for clear, practical guidance from our experienced team

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