Remortgage

A remortgage (also known as refinancing) is the process of paying off one mortgage with the proceeds from a new mortgage. There are various reasons for remortgaging but the most common reasons are for the purpose of switching to secure a more favorable interest rate from a different Lender or to release some equity from the property.

Homeowners often mis-use the expression remortgage when they are simply switching from one product to another with the same Lender; this is not a remortgage and can be dealt with directly with the Lender.

Before instructing a Solicitor to act for you on behalf of a remortgage it may be worth checking whether your Lender offers free 'in-house' legal assistance. If not, we will be more than pleased to assist you.

Contacting Us

The Residential Property Team at Fosters Solicitors have a wealth of experience and knowledge to assist you in relation to any legal property query or matter you may have. Call us on 01603 620508 or complete our and a member of the department will be in touch very soon.