The Remortgage Process
When you remortgage your property you’ll want the services of a firm that is expert in Conveyancing to
help you complete the legal side of the transaction smoothly and efficiently. This guide helps to explain
what is involved with each stage of the process
- Advise your property professional to
instruct your conveyancer of choice.
- Your conveyancer accepts your case
(usually within 24 hours). They will send you a
client care pack for you to fill in and return.
Please note – the conveyancer is unable to start work
until they receive this back~
- Your completed client care pack is received
by your conveyancer — work can now start
on your case.
- ID requirements satisfied
Your identification is received and your conveyancer
will check to ensure it satisfies requirements.
- Mortgage Offer Received
Your conveyancer has received a copy of your new
mortgage offer. They can now proceed towards
completion of your remortgage by obtaining
redemption figures for your existing mortgage
- Redemption Figures Received
Your conveyancer has received confirmation
of the amount required to pay off your existing
mortgage (if applicable).
- Mortgage Deed Sent to Client
This is a legal document required by your new
mortgage lender. You will need to sign this together
with a witness, and return it to your conveyancer before
the remortgage can complete.
- Mortgage Deed Received Back
This is confirmation that your conveyancer has
received your signed mortgage deed back.
- Completion Date Set
Once everything has been received and checked
by your conveyancer, they will set a date to complete
- Case Completed
On the day of completion, your conveyancer will
receive the money from your new lender and use it to
pay off your existing mortgage , the redemption fees
and any administrative charges (if applicable). If you
have decided to raise additional funds during your
remortgage , the surplus fees will be paid to you
at this stage.