Pricing & Service Information

Timings and Stages

How long it will take from the offer being made until the remortgage is completed and registered will depend on a number of factors. On average the process takes between 4-8weeks.

It can be quicker or slower, depending on the parties involved.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances but will typically include:

• Obtaining ID
• Obtaining details from you as to the whereabouts of your Title Deeds (if applicable).  If you have a mortgage on the property, it is likely that the title deeds will be with your lender. If this is the case, we will require the details of your lender as well as your account number.
• Investigating the title of the property and obtaining a redemption figure for your existing mortgage
• We may need to carry out a Local Authority Search. This will entirely depend upon whether your new lender requires a search to be undertaken
• Considering the mortgage company’s instructions to us and considering the terms and conditions of your mortgage to ensure that they are complied with
• Preparing the mortgage and other documents and obtaining your signatures to them where appropriate
• Reporting to the mortgage company and obtaining the mortgage advance
• Completing the re-mortgage. This is the date when the old mortgage will be repaid and the new mortgage will commence.
• Registering the transaction at the Land Registry;
• Forwarding the title documents to the mortgage company and accounting to you for any money held on your behalf.