Remortgaging can be a wise financial move in many circumstances, and around a third of all home loans in the UK are remortgages.

You may wish to remortgage at the end of a fixed term deal, to borrow more, or to obtain a more flexible deal. Although remortgaging is usually a straightforward process as the property is not changing hands, many people wish to combine the remortgaging process with a transfer of equity, which can make the transaction more complex.

At Braddon and Snow, we recognise that most people who are remortgaging wish to complete the process as quickly as possible. We endeavour to provide a speedy yet professional service to ensure that you receive your remortgage fund as quickly as possible, and with the minimum of fuss.

Why trust our remortgaging solicitors with your home?

Our team is independently accredited by the Law Society’s Conveyancing Quality Scheme (CQS) in recognition of the high standards of our residential property services.

We consistently achieve high customer satisfaction, with a very good rate of returning clients and recommendations from previous clients.

We are well known for providing clear, practical support through every stage of remortgaging, helping our clients to get their remortgage completed as quickly and smoothly as possible.

Speak to our remortgage solicitors in Hoddesdon or Broxbourne

For a free, no obligation remortgage conveyancing quote or to find out more about how we can help you, please get in touch.

How remortgaging works

There are various steps that you must go through when remortgaging your home that a solicitor can help with:

Requesting a redemption statement from your current lender

This will detail how much there is left to pay off on your current mortgage and any fees or other costs that apply for early repayment.

Title deed release

Your solicitor will need to contact your current lender to have them release the title deed to the property.

Property valuation

Your new lender will require your property to be valued to ascertain how much it is worth and, therefore, what percentage of the property’s value they will be lending you.

Property title checks

The title on your property will need to be checked to show that it is in your name, the existing lender details are correct and there are no issues with the title that could cause problems.

Remortgage conveyancing checks

Your new lender will likely require certain checks and searches to be carried out to identify any issues that could potentially affect the value of your property. These will usually include a local search, but other searches may be required depending on any particular issues affecting your local area.

Reviewing the terms of your new mortgage

It is important to have the terms of your new mortgage thoroughly checked by an expert so you can be confident you fully understand what you are agreeing to.

Preparing a completion statement

This provides full details of the remortgage, including all costs, the balance being paid off, the value of the new mortgage etc.

Paying off your existing mortgage

Once you have signed the new mortgage deal, your solicitor will take receipt of the funds, use them to pay off your old mortgage, then transfer any remaining balance to your account.

Updating the property title

Once the remortgage is complete, you solicitor will need to apply to HM Land Registry to update the property title with the details of your new lender.

Our remortgage conveyancing fees

We offer fixed fee remortgage conveyancing, with a single price agreed in advance covering our fees and the costs we pay to third parties (known as ‘disbursements’).

This approach means you will know exactly how much your remortgage conveyancing should cost from the outset, so you can budget accordingly.

In the unlikely event that any unexpected complexities or other issues arise during the course of your transaction, or there is a change to your instructions, we will agree any resultant change in fees with you in advance.

To see how much your conveyancing might cost, you can request a conveyancing quote.

Find out more about our residential conveyancing pricing.

Remortgage FAQs

How long does remortgaging take?

This will depend on the circumstances, but 4-8 weeks is typical. If you are staying with the same lender, it will normally be quicker.

How much does remortgaging cost?

This will depend on the situation. The main costs you may have to cover include:

  • Early repayment charge – where applicable, this will be charged by your current lender for ending the mortgage early.
  • Title deed release fee – charged by lenders for releasing the title deed to the property – can usually either be paid upfront or when the remortgage is complete.
  • Mortgage arrangement fee – charged by your new lender.
  • Booking fee/application fee – charged by some lenders for securing a mortgage deal with a more favourable interest rate, such as a fixed-rate or tracker mortgage.
  • Valuation fee – some lenders may charge a valuation fee, but most do this for free.
  • Conveyancing fees – charged by your solicitor for carrying out the conveyancing checks, requesting the redemption statement, dealing with the title deeds and any other legal matters they deal with as part of your remortgage.
  • Broker fee – if you use a mortgage broker, they may charge you a fee, although some brokers do not charge as they make their money on commission from lenders.

To see how much your remortgage conveyancing might cost, you can request a conveyancing quote.

When is the right time to remortgage?

This will depend entirely on your circumstances, but it is usually advisable to check current mortgage offers and consult with a mortgage broker fairly regularly.

Key times where it may be worth remortgaging include when:

  • You have reached the end of a fixed-rate period on your current mortgage
  • General interest rates fall significantly
  • You have paid off a significant amount of the capital on your mortgage
  • You need to borrow more e.g. for home improvements

Our other residential conveyancing services

As well as helping with your remortgaging, our residential conveyancing solicitors in Hoddesdon and Broxbourne can assist with matters including:

You can also find out more about our general residential conveyancing expertise.

Speak to our remortgaging solicitors in Hoddesdon or Broxbourne

For a free, no obligation remortgage conveyancing quote or to find out more about how we can help you, please get in touch.

What our clients say

  • "No improvement to service needed. Alison was the epitome of professional calm in going over options and maintaining patience, and indeed advised against a path that certainly would have achieved higher fees for her, but the correct call in retrospect. So I feel her advice was professional and unbiased. She was attentive in keeping me appraised of news, and maintained a polite and stress free approach which kept me calm and optimistic a final result in my favour would occur. Would recommend her, and the firm, to others." Anon
  • “Dealt with Alison primarily for Power of Attorney, very helpful and polite.” Anon
  • “I cannot think of any way that we could have had better service!!!” Anon
  • "Our solicitor has been extremely conscientious at all times, always available to advise and above all has always been very supportive and empathetic to my case. He really did make a stressful situation a lot easier for myself and my family" Mrs T
  • "We used this wonderful firm for a recent home sale and purchase, their service was outstanding. Everything was carried out with the utmost care and attention and all the staff including a senior Partner were so friendly and helpful. Absolutely top notch." Anon
  • "Over the past 8 years Teresa Braddon and her team have created my Will and have done numerous conveyancing transactions for myself and my family.  I have found Teresa and her Team most helpful and efficient. Everything was carried out with care and attention. All the staff including Teresa, a senior Partner, were friendly and helpful. I would recommend Braddon and Snow and their services." Tony Stavrou
  • "I would highly recommend Braddon & Snow to anybody, very professional and efficient service. They treat you like a person rather than just a number. I am mentally disabled and sometimes I do not get respect or understanding shown to me. Braddon & Snow couldn’t of been more kind and they always took the time to explain all the legal terminology to me so I understood. I would especially like to thank Emily Morten and Jane Blackett as they really went above and beyond what they had to. Value for money and excellent staff. Use this company."  Mr M Brooke
  • "Thank you all so very much for all your help and kindest attention over the years.   In every conceivable way you go out of your way, above and beyond any expectations. You are incredible, and all your team are unbelievably pleasant. I hope these few lines go a little way to thank you so very much."  Mr M Ledger
  • "May I say that Laya has been fantastic.  She has been an absolute delight to speak with, always giving clear and positive instructions and pacifying when necessary.  Please be assured we will definitely recommend your company and hopefully be in a position to use your services again and again." L Page
  • "We found dealing with Braddon & Snow very pleasant and relaxed.  We had a few problems dealing with the seller's leaseholder solicitors which needed a lot of patience and Teresa and Laya were very helpful at all times and very easy to communicate with." R & J Keith
  • It’s been an absolute delight and superb to work your Conveyance Team of Jane Blackett and Emily, providing first class services. Dedicated and smart resolutions to most difficult queries. Our sincerest and dearest appreciation for their magnificent services and friendly communication throughout
  • I appreciate the efficiency of your team (Louise, Sara, Elle, Melanie, Alex, Lauren etc) during this crisis. You were always easy to get and had a great phone forwarding system with access to the details on transactions. Everybody was very helpful, responsive and friendly. You can be proud of the company you work for. 
  • I cannot speak highly enough of the service given to me in the sale and purchase of my properties last week by Jane Blackett and Ken Sheppard at the Broxbourne office. They dealt with my matters promptly and with care and commitment. Nothing was too much trouble and they were always there to speak to me when needed. Everything was done with professionalism and courtesy. They ensured that everything was covered and I felt very confident in their dealings with all matters concerned. I recommend them without hesitation to give their clients a smooth and excellent service.
  • The best thing throughout this process was the professionalism shown by the Conveyancing Team at Braddon and Snow Solicitors, our case was handled by Melanie and her very able assistant Roksana.  Although we were frustrated and sometimes very ratty, they kept very calm and dealt with all of our enquiries and problems as they came along, most of all they kept us advised and up to date.  We in all honesty could not have asked for or been supported any better by these two Ladies. Towards the end, we were calling Roksana on a regular daily basis, and were delighted to hear her positive and cheerful friendly voice.  I would highly recommend these Ladies to anyone, unlike the Firm that they were dealing with, who would not even respond to their calls.