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.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are perfectly placed to help you find a buy to let mortgage solution that matches your property needs for individuals, families, investors, landlords and Limited Companies.
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Our holiday let mortgage brokers know the lenders and their lending criteria well, enabling us to guide you to the best holiday let mortgage solutions
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.
Development finance is designed to help with the purchase and build costs for a residential development project.
Solutions are available for change of use, ground-up projects, refurbishment or major building work and property extensions.