Remortgage Conveyancing

If you’re looking for a remortgage solicitor, contact Fan Harrhy Law today. We’re a South Wales-based firm specialising in conveyancing and property law. You can trust our legal experts to provide the support you need.

Whatever your reason for remortgaging, the highly experienced team here at Fan Harrhy Law can deal with the legal work. Whether you’re an individual or a commercial client, your requirements are paramount, and we’ll tailor our remortgage conveyancing service accordingly.

Remortgage Advice from Legal Professionals

There are many different reasons why you might want to remortgage. Perhaps you’re coming to the end of your current deal and want to jump ship before the lender moves you onto their standard variable rate. It could be that you’ve come across a great deal and decided to switch right away. Or maybe you’ve decided to move your buy-to-let properties from your personal name into the ownership of your company.

Here at Fan Harrhy Law, we get to know our clients so that we can provide the best possible service every time. Understanding your circumstances and your reasons for seeking a remortgage helps us to tailor our legal advice to the situation at hand. If you do choose Fan Harrhy Law to manage your transition from one mortgage deal to another, you can count on us to handle the process in an efficient and professional manner.

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Frequently Asked Questions

Remortgaging FAQ

What does ‘remortgaging’ mean?
Remortgaging simply means switching from one mortgage deal to another (although obtaining a mortgage on a property you own outright is also often referred to as remortgaging). If you’re sticking with the same lender, this is a fairly straightforward process – but if you’re transferring your mortgage to a different lender, you will need a solicitor to take care of the legal side.

Why remortgage?
Here are some of the most common reasons for remortgaging:
- Your current mortgage deal is ending soon and you want to find a new deal instead of moving onto your lender’s standard variable rate.
- You want to switch to a different deal that offers greater flexibility, a more favourable rate, etc.
- The value of your home has significantly increased and you want to take advantage of this by switching to a lower-interest mortgage deal that’s based on the property’s current value.
- You want to pay off a large chunk of your mortgage, but your current lender limits how much you can overpay by.
- You want to borrow some extra money.
- You’re transferring a property from your personal ownership into your company’s name.
- A relationship breakdown requires you to purchase the joint owner’s share.
- You’re redeeming a 'Help to Buy' loan.

Can I remortgage whenever I like?
In theory yes, but if you remortgage before reaching the end of your current deal, there may be an early repayment charge. That said, if you’re switching to a much better rate, it may be worth the cost!

Do I need a remortgage solicitor?
Changing mortgage providers is a legal process that must be handled by a legal professional, so if you are planning to switch, you will need to engage the services of a firm like Fan Harrhy Law that specialises in property conveyancing. Your solicitor will then carry out the necessary checks, satisfy your new mortgage lender’s requirements, and report to you so that your remortgage can go ahead.

Remortgage Conveyancing Specialists

Get in touch with Fan Harrhy Law today to discuss your remortgaging plans with one of our experienced solicitors. We are based in South Wales, and we act for clients across all of England and Wales.