Compare solicitors conveyancing fees to find the ultimate deal in terms of cost and services provided. When you move home you need to find a hard working conveyancer for your needs.
What happens if you re-mortgage your home, however? Do you still need a conveyancer? What is the process?
Conveyancing solicitors are still required when you re-mortgage your current property. A re-mortgage can take place, for example, when you pay off your entire mortgage and take out another one on the same property with another lender. They can be useful for releasing equity when funds are needed, but it will mean that it will take you longer to be mortgage free in the long term.
Sometimes people will choose to re-mortgage not to gain financially in a lump sum, but to gain over time if the interest rate with the new lender is particularly good. Re-mortgaging often happens after fixed term deals have ended. Rather than going onto a tracker mortgage, the house owner will look around for a better rate on a new fixed mortgage, because they prefer that style of payment. It is also possible to re-mortgage to consolidate debt or to gain more flexibility.
Re-mortgaging works in the same way as the original mortgage did – you will need to apply for the property loan and checks and surveys will be carried out. A conveyancer will still be required because the new lender will want to ensure that the property is suitable for the loan required, so don’t forget to compare conveyancing costs.
At Conveyancing Index, you can compare solicitors conveyancing fees quickly and easily, and you can save money when you search.
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