Residential Remortgage
Claire Miller
Kamran Shah
Karabo Mclean-SalmonConveyancing Fee Calculator
How long a remortgage will take will depend on a number of factors. The average process takes between 3 and 5 weeks. It can be quicker or slower, depending on when we receive your mortgage offer and whether the lender requires searches or search indemnity insurance.
If the property is leasehold then this may also delay the process depending on how long it takes the landlord to respond to the enquiries we send to them.
Stages of the process
The precise stages involved in the remortgage of a property vary according to the circumstances. However, the below details will give you an idea of the key stages:
Key Stages
The key stages of Remortgaging your property are as follows:
- Take your instructions and give you initial advice
- Contact landlord/managing agent and arrange for them to complete an enquiries form
- Carry out searches if necessary or arrange search indemnity insurance
- Give you advice on all documents and information received from your lender
- Go through conditions of mortgage offer with you
- Send final Mortgage Deed to you for signature
- Agree completion date
- Arrange for all monies needed to be received from lender
- Complete remortgage
- Deal with payment of any notice fees payable to landlord/managing agent
- Deal with application for registration at Land Registry
If you need any advice on Residential Remortgage matters then please contact us, and we will respond as soon as possible, or call us on 01923 225212.
Penman Sedgwick's opening hours:
Monday to Friday, 9.00am – 5.30pm