Lamorbey House, Sidcup

Lamorbey House, Sidcup


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Property Remortgaging

Whether you are remortgaging to pay off your existing mortgage or taking out an additional mortgage, getting expert legal support to manage the process helps to make it as straightforward and stress-free as possible, while keeping you and your property safe.

Once you have agreed your new mortgage deal with a lender, Woolsey Morris & Kennedy will handle the whole remortgaging process for you from start to finish. We will liaise directly with your potential lender who will provide us with the information and documentation we will require.

Woolsey Morris & Kennedy’s team can advise you on the implications of having a first or additional mortgage registered against your property and any risks which you will need to consider.

Our team can assist with all types of remortgages, including:

  • Remortgaging your home
  • Taking out a second mortgage
  • Remortgaging buy to let property
  • Remortgaging leasehold property
  • Remortgaging to buy a second home
  • Remortgaging to help your children buy their first home
  • Equity release

Why WMK’s remortgaging solicitors are the right choice for you:

  • Decades of specialist experience dealing with remortgaging property
  • A dedicated, qualified solicitor to deal with your needs
  • Accreditation by the Law Society’s Conveyancing Quality Scheme (CQS)
  • Plain English advice
  • Transparent, flexible fee options to match your circumstances

Speak to our remortgaging solicitors in Sidcup, the London Borough of Bexley, Kent

For expert advice on remortgaging your home or another property, please feel free to speak in confidence to one of our team now.


  • Pam Grewal
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The remortgaging process explained

Redemption statement

We will contact your current lender and ask them to provide a ‘redemption statement’. This will show the balance left to pay on your existing mortgage and any early repayment fees that apply. This is how much you need to pay to ‘get out’ of your current mortgage.

Title deed release

So, your remortgage can go ahead, your current lender will need to release the title deeds. Our remortgage solicitors will take care of this for you.

Property valuation

Your new lender will need to have your property valued to assess what percentage of its value they will be lending you and, therefore, how much of a risk they are taking.

Checking the property title

We will check the property title to confirm that the property is in your name, the existing lender details are correct and there are no issues with the title that need to be addressed.

Remortgage conveyancing checks

We will carry out any conveyancing checks required by your new lender e.g. a local search to check for any issues that could affect the property’s future value.

Completion statement

Before the remortgage is finalised, we will send you a ‘completion statement’ covering all of the details of your remortgage, including the balance to be repaid on to your current lender, the value of the new mortgage and any fees and costs that need to be paid.

Repaying your existing mortgage

Once you have signed your new mortgage deal, we will take receipt of the funds from your new lender, pay off your old mortgage then transfer any remaining balance to you.

Updating the property title

The final thing our remortgage solicitors will do for you is to notify HM Land Registry of the change of lender so the property title can be updated accordingly.

Our remortgaging solicitors’ fees

Woolsey Morris & Kennedy will provide you with an initial fee guide estimate on the basis of the information you provide.

We offer fixed fee remortgaging, with the fee dependant on the property value. There may be additional fees depending on the type of property (e.g. if it is leasehold or buy to let) and/or any additional requirements you have (e.g. preparing a Deed of Variation for a leasehold property).

Find out more about our residential property fees.

Your remortgaging questions answered

How long does it take to remortgage a property?

4-8 weeks is typical, but it will depend on the situation.

If you are moving to a different mortgage with your current lender, remortgaging will usually be faster than if you are moving to a new lender.

If the property is a leasehold, the process will likely take longer as there are more steps to go through. If you have any additional requirements, such as carrying out a transfer of equity, this can also lengthen the remortgaging process.

How much does it cost to remortgage?

The cost will vary depending on the situation, but in addition to our solicitors’ fees, other charges may include:

  • Early repayment charge – charged by your existing lender – may or may not apply depending on the terms of your mortgage
  • Title deed release fee – charged by your existing lender – may be an upfront charge or may be applied once the remortgage is complete
  • Booking fee/application fee – charged by your new lender – may apply for securing certain types of mortgages with better interest rates e.g. fixed-rate or tracker mortgages
  • Mortgage arrangement fee – charged by your new lender – for setting up the new mortgage
  • Valuation fee – charged by your new lender – for valuing your property (although many lenders do this for free)
  • Broker fee – charged by your mortgage broker - if you use a mortgage broker, they may charge a fee, although many work on commission from lenders instead

Find out more about our residential property fees.

How does remortgaging a leasehold property work?

Remortgaging a leasehold property requires you to go through the same steps as for a standard remortgage (as laid out above), but with some additional steps.

Before your leasehold remortgage can go ahead, our remortgaging solicitors will need to confirm with the Freeholder (or their Managing Agent) that all ground rent and service charges are paid up to date. We will also need proof from the freeholder that the property’s building insurance is up to date.

The terms of most leases also require you to provide notice to the freeholder once a remortgage has been completed.

Get in touch with our remortgaging solicitors in Sidcup now

For expert advice on remortgaging your home or another property, please feel free to speak in confidence to one of our team now.