Rather than move home, you may decide to extend your property or extend your borrowing. We can assist in the transfer of your mortgage from your existing lender to your new lender with minimum fuss and all necessary speed.
At Scullion LAW, we’ve a hard-working and dynamic team of Property Experts who will provide you with tailored advice on the Conveyancing process when Remortgaging your home. We understand that no two clients are the same; everyone is dealing with different circumstances and has a different reason for Remortgaging, whether that be to take advantage of lower rates, make home improvements, consolidate debts or release equity. You may also be considering Remortgaging your property after a change in circumstances, such as where your relationship has broken down.
As part of our commitment to Excellence in Client Care, we will listen carefully to what you want to achieve and work hard to get you the results you need, on time and in budget. Contact our Remortgaging specialists today to get the process started.
Your property is likely to be the biggest asset you own, so it makes sense to seek support from Property Experts whenever you’re making changes to it. Although your new lender may recommend a solicitor to you, you should be aware that this lawyer will largely act on behalf of the new lender. It’s best for you to instruct your own legal team to represent your best interests during the Remortgaging process.
At Scullion LAW, our efficient Remortgaging team work hard to give you the most positive experience. Our unique approach to Conveyancing, Property Law and all the other legal services we provide sets us apart from other law firms. When you instruct Scullion LAW, you’ll benefit from:
Below is our brief guide to the remortgaging process in Scotland. Please feel free to contact us if you have any questions.
Remortgaging your home usually involves changing your lender. In this way, the new mortgage pays off the old one. Alternatively, you can remain with the same lender but change your mortgage terms – by increasing the loan, for instance.
We work closely with the Mortgage Advice Brokerage, a well-respected firm based in Glasgow’s West End and indeed we share an office with them. They can help you find the best and most suitable mortgage deal. Look at their useful online mortgage calculator on their site, and contact them today to arrange a free, initial appointment.
At the start of the conveyancing process, we will examine your title deeds, usually kept by your current mortgage lender, to ensure everything is in order. It’s important to note that the new mortgage should be carried out using the same name(s) in the title deed to avoid unnecessary costs and complications.
We’ll also take care of any property searches requested by your mortgage lender, such as those relating to planning permission and environmental factors. This part of the process is usually much quicker and less strict than when buying a new property and, in fact, searches may not be requested at all. We’ll work hard to keep you updated throughout this stage.
We’ll request the details of your current mortgage from your lender and notify the lender that you wish to pay off the remaining amount. Your new mortgage lender will value your property and send you a mortgage offer. We’ll explain the offer to you in detail, so you’re fully informed before signing.
If you’re happy to proceed, we’ll arrange for the mortgage to be signed. On the day of completion, we’ll receive the funds from your new provider and use these to pay off your old mortgage and any fees. The remaining amount will be transferred to your account, and we’ll then take care of updating the title deeds and informing the Land Registry.
We understand that Remortgaging your home is a big decision. If you’re considering changing to a different mortgage lender or a different mortgage deal with your existing lender, we always recommend you take advice from a Property Expert before committing.
Our team will always advise on your best interest and explain your options to you in terms you understand. We’re friendly and understanding and want to help you make the most of your asset wealth, regardless of your circumstances.
We also fully understand hyper-local property markets, including Bothwell, Uddingston, Giffnock, Finnieston, Newton Mearns, the West end and Kelvinside. If you’re looking to release equity from your home in Glasgow or the surrounding areas, contact our Property Experts today to find out what we can do for you.
Have you recently bought or sold a house with us? Client Care is very important to our team and we want to ensure that our service is constantly improving and exceeding your expectations. If you’ve any feedback on your experience with Scullion LAW, please email Charmaine@scullionlaw.com our Client Care Manager. We would be delighted to hear from you.
Whenever your personal and financial circumstances change we strongly recommend that you update your Will. Our Private Client team will help through this process, please call for an appointment on 01698 283 265 or 0141 374 2121 or email firstname.lastname@example.org. We also have a useful Wills Questionnaire, which you can find here.
730 Dumbarton Road
0141 374 2121