Guide to Remortgaging
Step 1. Once we have received your instructions we will send you a Deeds Release Form and a Mortgage Questionnaire complete and return to us. We will then be able to request the Title Deeds and an initial Redemption figure .
N.B If you do not currently have a mortgage on the property you should arrange for the Title Deeds to be delivered us.
Step 2 . We will also require some money up front in order that we may carry out the searches required by your new mortgage lender.
Step 3 . Once we have received the Deeds we will check them and then await receipt of your new mortgage offer. We will also obtain an information only redemption figure to tell us how much is outstanding on your current mortgage(s).
Step 4 . OFFER RECEIVED. When we receive your new mortgage offer we shall check it and verify that any special conditions have been complied with.
Step 5 . If everything is satisfactory we will send the Mortgage Deed to you for signing and return. We will also obtain a final redemption statement from your existing lender and will send it to you to verify. We can then set a completion date.
Step 6 . COMPLETION. We will receive the money from your new lender. With these funds we will pay off your existing mortgage(s), deduct our legal fees and disbursements and then pay the balance (if there is one) to you.