Remortgaging can have the advantage of securing you a better deal or releasing equity from your property, if done correctly. You may not always need a conveyancing solicitor if you’re remortgaging, such as if you’re staying with your current lender and switching to a different rate or if you’re borrowing more on your existing loan. However if you’re adding or removing someone from the mortgage, or changing lender, your new lender will require you to instruct a solicitor to complete the remortgage.
Remortgaging can make smart financial sense, but it’s always best to get any new deal sense-checked before committing. Speak to one of our friendly property solicitors in Henley if you’re considering remortgaging by calling 01491 411 884.