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 favourable interest rate from a different lender or to release some equity from the property.
Often the expression remortgage is mis-used when used in the context of 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.
If you are looking to find a new deal with a different lender because of a change in circumstances, or to realise the next step on your property journey, our specialists can help you.
How we can help
We want to take as much of the stress out of your property transaction as possible.
At Fosters we have a dedicated team of professional and approachable experts who offer friendly and efficient advice. We have extensive experience in helping our clients remortgage their property, and want to match your commitment to the process by providing quality service.
Law Society accredited
The Law Society awards accreditations to legal practices and solicitors who meet the highest standards of technical expertise and client service in specific areas of law. We are members of their Conveyancing Quality Scheme (CQS), which is the recognised quality mark for legal experts in buying or selling property, and is trusted by some of the UK’s biggest lenders.