Mortgages and Remortgages
Mortgage and Remortgage Solicitors in Gloucestershire
If you are at the end of your fixed rate with your current lender and wish to switch to a more favourable rate with a different lender or decide to extract some equity from your property, you may decide to remortgage.
Our experienced property team can provide expert advice and guide you through the remortgage process. Regardless of your reasons for remortgaging, our specialist property team can help with all mortgage and remortgage matters.
For you, your family and your business. To speak to our mortgage and remortgage team today, you can call us on 01452 545 678, email us at lawyers@langleywellington.co.uk or make an online enquiry.Â
How our Remortgage Team can Help
Cotswold Conveyancing Centre is a dedicated department of Langley Wellington with specialist conveyancing solicitors experienced in all aspects of the remortgaging process. Our team shares decades of conveyancing experience and working with banks, building societies, and other specialist mortgage lenders. We will guide you through all the various stages of a property remortgage which may include some or all of the following matters:
- Acting on behalf of you and your lender;
- Reviewing the legal title to the property;
- Undertaking searches and raising enquiries of the managing agent and/or freeholder if the property is leasehold or freehold but served by a management company;
- Reviewing your mortgage offer and reporting to you on any special conditions;
- Attending on you to sign the legal charge (mortgage deed) and ensuring that you are comfortable with the nature and effect of entering into the mortgage;
- Reporting to your lender on their standard form of certificate of title;
- Undertaking pre-completion searches at HM Land Registry;
- Accounting to you with a completion statement;
- Redeeming your existing mortgage;
- Registering the new mortgage with HM Land Registry.
Remortgaging a property can often include various complex legal procedures, and you should take advice from a suitably qualified advisor before proceeding to ensure the product you choose meets your individual needs. We understand you may have concerns regarding your transaction, and we are on hand to ensure the process is as stress free as possible, working with you to understand your needs fully.
Â
Conveyancing Solicitors Cheltenham and Gloucestershire
Our expert local conveyancers have offices in Gloucester and Cheltenham and have provided conveyancing services to clients across the UK for many years. Cotswold Conveyancing Centre became the first legal practice in Gloucester to secure the Law Society’s CQS Accreditation from The Law Society – the mark of excellence for the home buying process. Cotswold Conveyancing Centre is also a member of The Conveyancing Association.
Get in Touch
To find out more about our Remortgaging services or to speak with our team, call 01452 545678 or make an online enquiry. We have three office locations across Cheltenham and Gloucester, find out more by visiting contact us.
Our Fees
Most solicitors charge a fee proportionate to the value of the funding, so the fee you will pay depends on how much you are borrowing, together with a number of factors, including the complexity of the title, who your lender is and what they instruct us to do for them. We will make sure you are fully aware of all costs involved and when you need to pay them. For more information on our fees, please view our costs information here.
How can we help?
Our Fees
Most solicitors charge a fee proportionate to the value of the funding, so the fee you will pay depends on how much you are borrowing, together with a number of factors, including the complexity of the title, who your lender is and what they instruct us to do for them. We will make sure you are fully aware of all costs involved and when you need to pay them. For more information on our fees, please view our costs information here.
Frequently Asked Questions
Residential Conveyancing
What is involved in conveyancing?
The main stages involved in buying a new home are:
- Property search.
- Instruct a solicitor.
- Arrange a survey.
- Pre-contract matters, such as completing a property information form (TA6) and fixtures and fitting form (TA10).
- Searches and enquiries.
- Exchange of contracts.
- Post-completion matters, for example, paying SDLT and registering the transfer of ownership with HM Land Registry.
For more information about what a property purchase involves, read our previous blog by clicking here.
What is a conveyancing chain?
People usually need to sell a property to buy a new one. This leads to several conveyancing transactions that depend on each other and that take place simultaneously, which is known as a ‘chain’.
Being in a chain makes the conveyancing process more complicated. The longer the chain, the more possible it is for something to go wrong.
Specialist legal advice from an experienced residential conveyancer is crucial in a property purchase. At Langley Wellington, our experienced conveyancers in Cheltenham and Gloucester help with property sales and purchases in the local area and across the UK.
We offer competitive rates, with exclusive rates for first-time buyers, and provide a ‘no-move, no-fee’ guarantee for all our conveyancing transactions.
For more information, or to speak to one of our specialist residential conveyancers, please call 01452 5545678 (Gloucester) or 01242 269 998 (Cheltenham) or email lawyers@langleywellington.co.uk.
What is stamp duty?
In England and Northern Ireland, you must pay stamp duty land tax (SDLT) when you buy property or land over a certain price.
The amount you pay depends on the price of the property, whether it will be used for residential purposes, whether you are a first-time buyer, and if you own any other properties.
Buyers must pay stamp duty on properties costing more than £125,000 (£300,000 for first-time buyers).
Find out more on SDLT on the government’s website.
What are searches?
Property searches are a key step in the conveyancing process involved in buying a new home. Searches are the series of enquiries made by your solicitor to various public authorities that give you more information about a property you plan to purchase.
Searches examine the range of planning, legal and environmental conditions about the property.
Conveyancers undertake three main searches for property purchases:
- Local authority search. This is designed to uncover any potential issues relating to roads, rail and building work that might be planned or already underway and might affect your property.
- Environmental search. This surveys historical and current land records to show, for example, information relating to contamination of the land and subsidence risk.
- Water and drainage search. This shows, for example, whether the property is connected to a mains water supply and whether it is connected to a public sewer.
Other searches, such as a neighbourhood search, flood search and mining searches, can also be conducted depending on the nature and location of the property and any specific concerns you may have.
Click here to find out more about conveyancing searches.
Our Team
Contact our Solicitors
Langley Wellington is a forward-thinking law firm acting for clients nationwide. Whatever your legal requirements, we are here to help.
Get in touch with our Solicitors today. Call one of our offices on the numbers provided below, or fill out our contact form here.Â
Gloucester Office: 01452 521 286
Cheltenham Office: 01242 269 998
