PM Law provides a solution that ensures the legal aspects of your remortgage
are completed efficiently and professionally.
- Our experienced conveyancers will keep you fully updated as to the progress and
we offer competitive prices and excellent customer service.
- PM Law will ensure that we handle all of the mortgage instructions from your
lender and ensure that we liaise with you in order that all of the conditions
are satisfied. We will liaise with your current lender and your new lender and
carry out all of the legal work on your behalf.
- Our
simple online quotation system allows you to obtain an instant price and you can
instruct us online if you are happy with the price.
- Our
conveyancers are sympathetic and understand that some re-mortgages are often
urgent and need priority attention.
If you require any further information simply contact our conveyancing team
today on 0114 2496926 or email
conveyancing@pm-law.co.uk and one of our conveyancing team will contact
you./p>
Quick guide to the process of the re-mortgage
- Once instructed we will send you our client care documentation and questionnaire
for your completion. Once you have read and completed the forms, and signed the
client care letter you will need to return these to us together with your
original identification (in order that we comply with the Money Laundering
Regulations Act 2003).
- Once these have been received we
will apply for an up to date copy of your legal title from the Land Registry (so
long as the property is registered) or if unregistered, we will need the deeds
either from yourself if the property is currently un-mortgaged or your existing
Lender.
- We will then check the legal title and ensure that the title is satisfactory for
mortgage purposes. We will at this time deal with any issues that may arise. At
this time we may apply for provisional redemption figures from your Lender(s) to
ensure that there is enough proceeds from the re-mortgage to pay all the charges
and our costs and expenses.
- Once we receive your mortgage offer we will then report to you on the product
which you have obtained, liaise with yourself in relation to any special
conditions attached to the mortgage and send the mortgage deed to your for
signature together with any other ancillary documentation which your Lender may
require.
- Once all the documentation required from you has been received signed, all the
special conditions have been satisfied and a copy of your buildings insurance
schedule has been faxed to us which has your new lenders interest noted thereon,
we will then be in a position to set a completion date request the mortgage
advance from your new lender. This is normally between 2-5 days after receipt of
the outstanding items – which is dependent on your Lenders requirements.
- We will then order up to date redemption figures from your Lender(s) calculated
to the day of completion.
- On the day of completion we will redeem the existing charges over the property
and deal with any other payments which need to be made in accordance with the
mortgage offer and any financial charges on the legal title. We will also take
our costs and expenses from the mortgage advance (and pay any broker fee you may
have with your mortgage broker) and if there are any monies due to you from the
re-mortgage these can either be paid by cheque or alternatively can be paid
direct into your bank subject to a bank fee. Your new mortgage will then
commence on that day and the mortgage deed dated the day of completion.
- You will need to speak to your new mortgage company as to when the first payment
will be made and ensure that any direct debits/standing orders to your existing
Lenders are cancelled at this time (you must ensure that you DO NOT do this
before completion).
- We will then deal with completion and registration formalities at the HM Land
Registry and arrange for the existing charges to be removed and for the new
Charge in favour of your new Lender to be registered.
Get
a Remortgage Quote
TOP