Remortgaging covers changing your existing mortgage or loan secured against your home, typically to get a better rate, release equity, or switch lender. A solicitor in this area drafts or reviews the new mortgage deed, ensures the title is correctly charged by HM Land Registry, handles the discharge of the old charge, and completes any related documents. They liaise with lenders, provide advised notices to parties, and ensure the new security over the property is properly registered and enforceable.
Where a solicitor protects your position
The solicitor identifies and protects crucial steps in securing the new loan, including ensuring the new standard security is properly drafted, registered, and that the old charge is discharged. They assist with deadline-driven actions and confirm the lender’s conditions are met before completion.