What is a remortgage?

A remortgage is the process of switching your existing mortgage to a new deal, either with your current lender or a different one, without moving to a new property.

Remortgaging can be a strategic financial decision, especially if your fixed rate is ending or you want to access better terms. It’s an essential part of your long-term property plan, and it should be supported by trusted professionals in residential conveyancing.

Why remortgage?

You typically remortgage when your fixed rate ends, switching to a new deal with a new lender. You might also remortgage to consolidate debt, reduce monthly payments, or access better rates and flexible terms.

Homeowners also remortgage to release equity for renovations, support a family member, or restructure joint ownership. Our team is here to guide you through your options and outline all legal requirements clearly.

Why do I need a conveyancer for a remortgage?

You won’t need a conveyancer if you’re staying with your current lender and not changing any details.

If you switch lenders, a conveyancer ensures your property is a secure investment for the new lender and that there are no legal issues.

For changes to who is named on the mortgage with the same lender, see our Transfer of Equity page.

It’s worth noting that even a remortgage involves key legal checks that require the expertise of a solicitor for house purchase or remortgage – particularly when ownership or title changes are involved.

What’s the process of a remortgage?

Remortgaging is a relatively simple process, and we’ll handle everything behind the scenes.

• First, we’ll send you a questionnaire to gather details. We’ll also request basic documents for essential checks. If you’ve already shared these with your broker, they can forward them to us.
• We’ll contact your current lender to get an initial Redemption Statement. This provides us with the figures we need to close your mortgage. 
• We’ll review your property’s title to identify any requirements for registering the new mortgage, like updating your name or addressing a restriction requiring a Management Company’s consent.
• Once your new lender issues the mortgage offer, we will review it.
• You’ll sign the mortgage deed, either digitally via Gov.uk or with a traditional paper deed.
• We’ll then schedule a completion date, allowing time for the lender to transfer funds, and provide an initial completion statement.
• At completion, we’ll pay off your old mortgage with your new lender’s funds. Any remaining balance, after covering any charges, will be sent to your account.
• Finally, we’ll register your new mortgage and remove the old one from your property’s title.

Why choose ONP Solicitors?

We’re digital where possible and personal when it matters, ensuring a smooth experience for you. Our secure mobile app lets you track your transaction 24/7, complete forms, upload documents, verify funds, and communicate via secure messaging – reducing transaction time by up to 30 days.

Your dedicated property lawyer will contact you within 24 hours of instruction, and you can reach them directly via the app, email, or phone.

At ONP Solicitors, our experience in residential conveyancing means we understand lender requirements and can resolve issues before they cause delays.

We’re also a trusted partner when clients need a solicitor for your house purchase or more complex property transactions, offering continuity across every stage of your property journey.

We’re proud to be entrusted with thousands of property transactions each year, ensuring efficiency and reliability in every case, reflected in our “Excellent” Trustpilot score.

We are accredited by the Law Society’s Conveyancing Quality Scheme (CQS), reflecting the high quality of our residential property expertise, and as part of our commitment to offering exceptional service to our clients, we have also signed up to the Conveyancing Association Pledges.

How do I get started?

If you’re using a mortgage broker, they will obtain a quote from us in their usual way.

We partner with 9/10 major UK lenders and have direct contracts with top mortgage market lenders. If you or your broker choose a Fees Assisted Product, your lender covers basic legal fees as an incentive. In these cases, we may be instructed to act solely for the lender. Our strong commitment to customer service and experience with these lenders ensures a smooth, efficient process for you.

If you’ve found a deal and need us to act on your behalf, we’re happy to help. Simply request a quote below, and we’ll be in touch.