Remortgaging your property should be straightforward. This is just as well because a further advance is often needed quickly, for example, if you're having renovation works at home.
You may need to remortgage your property because you are required to transfer the equity (legal ownership) in the property to meet the terms of a financial settlement following a relationship breakdown. This may mean an existing owner needs to be removed from the mortgage - or someone else added to the mortgage.
Or you may simply decide to remortgage because your existing favourable rate will shortly expire and you want to switch to a cheaper mortgage product.
The legal steps involved in your remortgage are simple:
If you have any questions about the remortgage process, your solicitor will explain things to you in more detail.
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