If you already have a mortgage then it is always worth looking at the remortgages available, to see if money can be saved with a better rate. Many homeowners use remortgaging as a way of cashing in on the equity growth on their properties, by increasing the amount they borrow.
Before making the decision to remortgage, you should check your existing mortgage's terms and conditions. Some mortgages, particularly those with discounted, capped or fixed rates of interest carry redemption penalties which can add up to thousands of pounds, while most will have some form of administration fee to pay if you switch to another lender. Make sure you do your sums to ensure the savings of remortgaging outweigh the costs of changing lender.
Hopkins Law remortgage conveyancing team provide highly efficient, fast and competitively priced remortgage advice and service. Our team of specialist lawyers are experienced, friendly and provide the highest levels of service.
The legal process of remortgaging is relatively straightforward, though speed and accuracy are key to making the process run smooth. Legal checks such as bankruptcy searches, land registration and title checks, all have to be completed correctly and on time to meet the proposed lender’s requirements. With years of experience providing legal expertise to the residential property market, you can rest assured you are in the safest of hands with Hopkins Law.
For a cost effective and prompt remortgage service, please contact a member of our specialist team on:
Central Cardiff – 029 2039 5888
Cowbridge – 01446 77 41 51
Cardiff Gate Business Park – 029 2073 3000