When you remortgage — to access a better rate, release equity or change lender — a legal process is required to transfer the mortgage security from your existing lender to the new one. This is known as remortgage conveyancing.
Remortgage conveyancing is generally simpler and quicker than a purchase or sale, as property searches are rarely required and there is no transaction chain. Your solicitor will check the title, review the new mortgage offer, arrange repayment of your existing mortgage and register the new lender's charge at HM Land Registry or Registers of Scotland.
Many lenders provide a free legal service for standard remortgages using their own panel solicitor. However, you have the right to instruct your own solicitor, which may be preferable if your remortgage involves complications such as adding or removing a name from the title, or if you simply prefer independent legal advice.
Use our comparison service to find a regulated conveyancing solicitor for your transaction. We profile firms across the UK including Glasgow, Edinburgh, Aberdeen, Dundee, Manchester, Birmingham and London.