Whether you are switching deals, seeking a better rate, or freeing up equity, remortgaging can be a smart move. With Chapter Law by your side, we will take care of the legal work reliably and efficiently so you can make the most of your new mortgage without stress.
What We Guide You Through
When you instruct us, here is how we will handle the remortgaging journey:
Onboarding & paperwork
We will send you the initial documents to sign and request identity verification. Once returned, we will take care of the rest, with clear guidance at every step.
Reviewing your title & legal charges
We will check your property’s title via HM Land Registry. That helps us see if there are any existing charges, restrictions, or special conditions, which is especially important if your property is leasehold.
Checking your mortgage offer
Your new lender will issue a mortgage offer. We will review it carefully, ensuring all legal conditions are met so that nothing gets delayed.
Requesting redemption statement
We will obtain a statement from your current lender showing how much is outstanding. This ensures your existing mortgage can be fully repaid on completion.
Searches or search insurance
Some lenders ask for local or environmental searches. Others accept search indemnity insurance instead. We will advise which route makes sense based on your property and lender.
Request funds & schedule completion
Once all checks are done, we will request funds from your new lender and arrange completion, making sure everything aligns properly.
Completion
Just before completion, you will receive a final statement setting out the finances. On the day itself, we will receive the funds, repay your existing lender, and return any surplus to you.
Post-completion registration
After the remortgage is complete, we will register the new mortgage with the Land Registry and send you and your lender an updated title.
How Long Does It Take?
Remortgaging usually takes 8 to 12 weeks, although timing can vary depending on:
- How quickly you return paperwork and ID checks.
- The speed of your new lender’s mortgage offer and conditions.
- Whether searches or search insurance are required.
- Delays in obtaining redemption statements.
- Coordination between your solicitors and lenders.
We stay proactive, chase what is outstanding, and aim to keep the process moving smoothly while protecting your interests.
Why Choose Chapter Law?
- We explain things simply, without legalese.
- We keep you informed, so you always know where things stand.
- We act with precision and care, treating your remortgage with the same diligence as any property transaction.
Ready to get started? Click here for your free personalised estimate.