If so, you will need a solicitor to handle the legal side of transferring the mortgage on your property to another lender. Courtyard Solicitors can often carry out the process more cost effectively and quickly than the legals supplied by the new lender as they offer this service for a low fixed cost fee of only £500+VAT & disbursements.
Courtyard Solicitors are experts on this aspect of the legal process and are on the panels of the major banks and other financial institutions and will therefore often also be instructed to act for them as well as acting for you. We know their requirements and can therefore progress your matter swiftly.
We can advise you on; the terms of the mortgage you are taking and whether there are any penalties for early redemption, if there are changes to the interest rate if you default on your payments, and explain all of your other obligations under the mortgage.
Sean White, Senior Partner at Courtyard Solicitors, is an expert in Conveyancing Law. If you are remortgaging your property, and would like to ask for a quote for our services please email us using this link.
