Do I need a solicitor to remortgage?

A Solicitor or Conveyancer is needed for a re-mortgage as there is some legal work to be done. Also the first charge on your property needs to be changed in favour of the new lender.

When you move house many people will choose a recommended Solicitor or perhaps one they have used before. Because you are not moving home, the need for specialist legal advice is minimal when remortgaging.

To help you with the costs, most lenders will allow you to use their recommended Solicitor or conveyancer. This certainly helps to reduce the fees and some lenders will provide ‘free legals’ to remortgage customers where they pick up the cost of conveyancing on your behalf.

Solicitors are often involved where a transfer of equity is needed, due to a change in the relationship, or because of divorce.

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