Conveyancing:

Mortgages & Re-Mortgages

A remortgage is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security.  You may be remortgaging because you have come to the end of your existing lenders mortgage rate and have been offered a more competitive rate from another lender or your own lender, or simply because you wish to borrow additional funds to release equity in your home.

At Towns Needham we will ensure your remortgage is completed without delay. We will go through your new mortgage offer with you and ensure that any lender’s conditions are met, as most mortgage Lenders do not insist on up to date local searches being obtained so this will make the remortgage process much quicker. We agree a completion date with you and on completion we receive funds from your new lender to pay off your existing mortgage and any surplus funds from your new mortgage are then paid to you. After completion, we will deal with the Land Registry formalities so that your new lender’s details appear on your title deeds and the old lender is removed.

For more information, advice or a quote on re-mortgaging, please contact an experienced member of our team.