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.

We just wanted to say thank you (Catherine Richardson) for all your help and guidance with our house sale. I know you have been under huge pressure recently, especially with the stamp duty holiday ending yesterday - I imagine you are exhausted! You have dealt with us in a professional yet approachable and friendly manner, which has been much appreciated. Alex was right to recommend you!

Anon

I have been absolutely delighted with the service and attention to detail provided by Sarah and her assistant Thomas. To say this has not been an easy process is an understatement but Sarah has remained on the ball throughout and has worked tirelessly chasing other parties to secure a satisfactory resolution. Both Sarah and Thomas have communicated regularly keeping me informed at all stages of the process even following things up outside of normal office hours. I would not hesitate to use their service again and would recommend them to anyone.

Lucy Dickinson

We would like to take the opportunity to thank you all for such an efficient and professional service. We were also impressed with the electronic portfolio we received for the property, which will be very useful for any future transactions. You honestly made the whole process hassle-free and straightforward, and we always felt we could approach a member of the team for help if needed. Overall, we are very pleased with how it all went and we will certainly be contacting you for any future work.

Mr A

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 :)

Anon

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

Anon

sheffield

Related Blog Posts

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Building Regulations – Why Do They Cause So Many Delays?

When a client first instructs us to act in a property transaction the first question that is almost always asked is “How long will it

Pencil iconBy Sarah Sargent on 2nd August 2021

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Dealing with the sale of a property when you are acting as a Deputy or Attorney

It can often be a stressful time for families of loved ones when advised that they may need to sell their parents’ home due to

Pencil iconBy Catherine Richardson on 22nd July 2021

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Q&A with Sarah Sargent – I’m selling my flat but do I need a EWS1 form?

Sarah Sargent, Partner and Head of Residential Property at Lupton Fawcett, answers your questions on property issues.

Pencil iconBy Sarah Sargent on 5th July 2021

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Q&A with Sarah Sargent – what does 30th June deadline mean for SDLT?

Sarah Sargent, Partner and Head of Residential Property at Lupton Fawcett, answers your questions on property issues. 

Pencil iconBy Sarah Sargent on 11th June 2021

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Q&A with Sarah Sargent – what does ‘exchange of contracts’ mean?

Once your solicitor has completed all of their searches and enquiries they will report to you to obtain a signed Contract and in the cased

Pencil iconBy Sarah Sargent on 17th May 2021

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Q&A with Sarah Sargent – buying a property at auction

What do I need to know before buying a property at auction?

Pencil iconBy Sarah Sargent on 11th February 2021

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

Q&A with Sarah Sargent – what is a retention?

My buyer has asked for a retention of a sum of money on completion – what is this and when will I get this back?

Pencil iconBy Sarah Sargent on 11th February 2021

VAT refund for car dealerships

Summer Statement 2020 Temporary Change to Stamp Duty Land Tax – Residential Property Purchases

On Wednesday 8th July 2020, Chancellor Rishi Sunak, produced a “Summer Economic update” which announced various measures to alleviate the impact of the COVID-19 pandemic on

Pencil iconBy Sarah Illidge on 17th July 2020

Adverse Possession

Supreme Court decision impacts landlord’s consent

A lease covenant is, in effect, a promise made by one party to the other concerning the use of the leasehold property.

Pencil iconBy Natasha Wright on 15th July 2020

NHS Test & Trace, Absence, Home-working & sick pay

Mortgage Possession Proceedings

Currently the general stay on most possession proceedings (and appeals in such proceedings) is due to run out at the end of this month.

Pencil iconBy Hayden Glynn on 4th June 2020

Can I move house during the Covid-19 restrictions? Coronavirus (Covid-19) and residential conveyancing transactions.

Can I move house during the Covid-19 restrictions? Coronavirus (Covid-19) and residential conveyancing transactions.

Coronavirus (Covid-19) and residential conveyancing transactions.

Pencil iconBy Sarah Sargent on 25th March 2020

What Residential Landlords Need To Know about the Small Business, Enterprise and Employment Act 2015

How to speed up and de-stress your property sale

Moving home is a stressful experience. The paperwork, upheaval and unforeseen obstacles can make selling your property a complicated and drawn-out affair.

Pencil iconBy Sarah Sargent on 13th January 2020

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

Multi-award winning - Yorkshire Team of the Year, Regional Employment Team of the Year, Employment Law Lawyer of the Year

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 Your Law Firm

Your problems are real but how we approach them makes all the difference

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!

Please complete this form to make an enquiry and we will get back to you as soon as we can.

Remember you can still call us on 0333 323 5292 or email us at law@luptonfawcett.law

  • This field is for validation purposes and should be left unchanged.