Residential Property Solicitors for Remortgaging

It’s often a fairly straightforward process, but unfortunately it gets more difficult at the times when you most need to remortgage due to struggling household finances.

Our residential property solicitors are here to help you navigate those turbulent waters and make remortgaging a smoother ride. You can call our remortgaging solicitors in York, Leeds and Sheffield on 0333 323 5292 or fill in the contact form on this page for a prompt reply.

Remortgaging Explained

Remortgaging is quite simply the process of switching from your current mortgage to a new one. That can give you access to new fixed rates and capped rates, other incentives, or allow you to remortgage at a lower interest rate if your loan-to-value ratio is lower.

By definition remortgaging means you have already been through the process of getting a mortgage once, so it can be a much less stressful process than being a first-time buyer.

However, it is also often used to tackle financial difficulties and ultimately avoid repossession, so it’s important to seek legal advice if you are not sure about any part of the process, or you just want to make sure you get it right.

Contact Us Today

Fill in the enquiry form or use the direct details below to speak to our residential property solicitors in Sheffield, York and Leeds about remortgaging.

To Sarah, Keeley and the Lupton Fawcett team: 'Thank you so much for all your time and effort with helping us buy our home, especially during these tough times. You guys are amazing'

Anna and Tom Russell

Thank you once again for all your outstanding work . It’s always a pleasurable experience whenever we work with you guys :)


Catherine and the team who carried out the conveyancing were excellent. Prompt, efficient and approachable are all words to describe how I felt.



Sarah, thank you for putting my faith back in solicitors! I will certainly be using you for any future needs and recommending you at Luptons without hesitation.

Kelly Mills

Ms Richardson was very thorough and efficient in all her work for us and stood firm when the seller tried to push her into completion before all the documentation was in place. She kept us fully informed of progress throughout our sale and purchase.

Professional, friendly service with clear trustworthy advice throughout. A complicated process for the layman made straightforward and hasstle free. Very knowlegable, inspiring a great deal of confidence - strongly recommend.

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Why Choose Lupton Fawcett?

Having advised and supported many local families, individuals and businesses, we are proud to offer clients a dedicated service from specialist solicitors who are experts in their field:

We're Award Winning

We were awarded the Legal 500 HR/Employment Law team of the year in 2017

We're Connected

We're connected to the people, businesses and infrastructure throughout Yorkshire

We Put You First

You can be sure to expect superb client service from us. Our clients are our priority

We're accredited

Recognised by leading Legal Directories Chambers & Partners and the Legal 500

Frequently Asked Questions

Can I remortgage in negative equity?

Negative equity, usually caused by falling house prices, is where you owe more on your current mortgage than the expected selling price of the property would raise.

This can make it much more difficult to remortgage as the property is not seen as economically viable. However, some lenders cater for this niche market, while your existing lender might have options available to help you reduce your monthly repayments if you are struggling.

I’m self-employed. Can I still remortgage?

In most cases being self-employed in itself is not a barrier to being able to remortgage, but it might reduce the number of mortgage products available to you.

By seeking legal advice you can make sure that your employment status is correctly registered and that the mortgage you choose is suitable, so there is less risk of being declined or of disputes arising later on.

What are the main reasons to remortgage?

People remortgage properties for a variety of reasons. Some common reasons to remortgage include:

  • Remortgaging to a lower interest rate or a new fixed-rate mortgage.
  • Remortgaging to release equity for a purchase or to pay off other debts.
  • Remortgaging to release capital gains due to rising property prices.

Usually it is either about paying less or releasing equity – just remember if you remortgage to release equity from your property, you will usually have to pay it back before you will own the property outright.

Get In Touch Today!

Get In Touch Today!

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