Do You Need A Solicitor To Remortgage?

When you initially purchase a house and secure a mortgage, it’s traditional to instruct a solicitor. But what about if you’re not moving house, but simply remortgaging – do you still need a solicitor for that? We’re revealing all in our short guide.

Do I Need a Solicitor to Remortgage?

You don’t always need to see a solicitor if you’re going through the process of a remortgage. If you’re staying with your current loan provider, then you won’t need any legal assistance to make your remortgage happen.

However, if you’re looking to switch providers then you will need to speak to a solicitor. This is because the remortgage is not considered a ‘product transfer’.

In this case, it may seem more convenient to stick with your current lender. But, it’s always worth checking if you can save money or secure more favourable repayment terms with another lender. A mortgage advisor can help you with this, and ensure that any conveyancing or broker fees are balanced against the overall savings to be had from switching to another deal with another lender.

Also, if any details about your home ownership are changing at the same time as a remortgage, then you will need a solicitor to update your paperwork. For instance, if you’re looking to add a new partner to your mortgage, then your conveyancer can ensure that the change in ownership is updated.

Hopefully this short guide has helped clear up any confusion about whether you need a solicitor to remortgage. If you have any more questions, it can be helpful to have a trusty mortgage advisor to hand.

Speak to Agentis today

Speak to Agentis today to book your free initial consultation and get your remortgage plans in motion. As a ‘Whole of Market’ mortgage broker, we won’t just find a suitable mortgage deal, we’ll also find you a great deal that works for you. We’re based in Peterborough, but offer our services nationwide.

*You may have to pay an early repayment charge to your existing lender if you remortgage.