Remortgaging? We're Here to Help
Switching lenders or securing a better deal? Our specialist conveyancing team has you covered from application to completion.
Resources
What Is Remortgaging?
Remortgaging means replacing your existing mortgage with a new one, either with your current lender or a different one. Most people do this when their current deal is ending, to avoid rolling onto a higher standard variable rate, though many also remortgage to release equity, consolidate borrowing, or switch to better terms. Behind the scenes, remortgaging is still a genuine legal process: your existing mortgage needs to be redeemed, a new legal charge registered against your property, and any lender requirements properly dealt with, which is where a specialist conveyancing solicitor comes in.
We are automating: Our systems just got 50% faster, so you can move through your remortgage without unnecessary delays.
Our dedicated remortgage team provides expert guidance through every step of the process, ensuring a smooth experience
We keep customers connected: Customers can be in control of their case through our portal, app and Alexa - 7 days a week
We provide quotes 7 days a-week: Customers can get a quote any day of the week.
PLS 24/7 Portal speeds up the process for customers: Customers can track every stage of their remortgage from application to completion.
We are on every lender panel: This gives customers the advantage of securing their mortgage with any lender they choose
Why should I Remortgage?
There are four key reasons to remortgage your property:
If you are paying a high interest rate - Switching to a fixed or tracker interest rate on your mortgage could lower your monthly payments and help you pay off your mortgage sooner.
You want to pay off your mortgage early - By switching to a mortgage that lets you make over-payments you can pay off your debt earlier than your original term.
Your current mortgage deal ends soon - If your deal ends soon then you can move to the lender’s standard variable rate. This rate is often higher and so this is a good opportunity to look for better deals.
Your property has increased in value - Remortgaging can allow you to borrow for home improvements, further increasing your property’s value. A lower loan to value ratio might mean you meet the criteria for a wider range of interest rates.
How does the Remortgage process work?
Considering your financial situation as a whole is vital in the remortgage process as well as understanding what happens when you remortgage. There are four key steps:
Complete an Agreement in Principle - Most lenders will let you get an online Agreement in Principle in order to see if a lender is willing to lend you what you need. This will help you understand your options without choosing a specific deal.
Considering the costs - It is important to make sure that a remortgage will leave you in a better position. Therefore, it is essential to consider costs such as application fees and valuation fees in the process.
Applying for a new mortgage - Once you have your Agreement in Principle, you can now apply for a new mortgage. You will be asked for various personal and financial information in addition to the details of your current mortgage.
Completing your remortgage - Your new lender will carry out a credit check and arrange to have your property valued. PLS can help you with the transfer of your mortgage and complete the process.
Aime Co
We had an excellent experience with PLS Solicitors when purchasing our first home. Special thanks to Joulia Kassir for her professionalism, patience, and outstanding support throughout the process. Joulia was always quick to respond to our emails, explained everything clearly, and kept us updated at every stage, making the whole experience much less stressful for us as first-time buyers. We are truly grateful for all her hard work and dedication. We would highly recommend Joulia and the PLS Solicitors team to anyone looking to purchase a property. Thank you for making our first home-buying experience such a positive one!
yvonne kumi
We exchanged our contracts for our house purchase today! The conveyanccing process can be complex and with how swiftly we wanted the process to be completed, we were not sure which solicitor could meet our timelines. Lucy Hubbard of PLS Solicitors came in highly recommended by the developer. Oh my! She did not disappoint at all. The process was not only swift but smooth and hassle free! I highly recommend the team if you are in need of Solicitors for your house purchase!
Suly
Thank you to Annabel Wright, our case-handler who was very helpful and work professionally through the process of purchasing and selling our house, really pleased that everything went smoothly.
Joel Grainger
From start to finish the process has been superb. My case handler Chloe Brown and her team were always on hand to answer any questions I had as a first time buyer. I can't thank them enough
Connor Grant
Catherine from PLS assisted us in buying our first home. Unfortunately for us the first attempt fell through, Catherine was so good and efficient in that process we requested her again to assist us in buying. On the second attempt, again she was brilliant. Not a bad word can be said about PLS and I will be recommending them to any friends and family in the future.
Prince
Professional and Supportive Conveyancing Service We have had a positive experience with Agnes from PLS Solicitors throughout our property purchase so far. Agnes has been helpful in guiding us through the conveyancing process, responding to our queries and keeping us informed as we worked towards exchanging contracts. I particularly appreciate Agnes and PLS Team's assistance with the legal enquiries, coordination of the mortgage arrangements and handling of our funds. The explanations have helped us understand the different stages of the purchase and what was required from us. Buying our first home is a significant milestone for our family, and we appreciate the support provided by Agnes and the team in helping us reach the exchange of contracts stage. Thank you to everyone at PLS for your assistance so far. We look forward to a smooth completion and would recommend their services based on our experience to date. Prince.
Cecilia Mareya
Agnes Tsang and the PLS team have been amazing throughout our home-buying process. As first-time buyers, we had a lot to learn, but they made the whole process seamless and guided us through every step. Agnes was especially helpful in explaining everything clearly, answering our questions and helping us understand any issues that came up along the way. We are very grateful for her patience, support and professionalism, as well as the team's hard work in helping us reach completion. Thank you, Agnes and the PLS team, for making our first home purchase a much smoother and less stressful experience. We would highly recommend their services!
Alexandra
This is the second time we've instructed PLS on the purchase/sale of our home, and once again the service has been exceptional! Catherine and her team have been proactive, professional, genuinely friendly and efficient throughout, and made everything really easy to understand throughout the process! Thank you!
Grace
The entire experience was so efficient and never had to wait long for anything, we are first time buyers so we were nervous for the process as normally solicitors have a bad reputation for being slow but it has been very efficient even with a new build, thank you to William and all the team!
Claire Dawson
We completed today thanks to Chelsea's hard work! It has been a pretty seamless transaction, with fantastic communciation from Chelsea. I would absolutely recommend PLS Solicitors and would use them again on a future purchase.
A Guide to our residential conveyancing costs
It is not possible to give precise costs1 figures without first understanding your specific transaction and your exact requirements. This costs guide is only an indication of the likely approximate cost of a transaction. For a costs estimate specific to your transaction, please contact us. This costs guide is intended to give you an approximate idea of the overall legal costs and is based on the average amount of work involved in a basic house remortgage. We start with a base fee for a basic house remortgage (around £150) and add fees for specific elements, such as leasehold status, ID verification, or banking charges, which are included in the £150- £900 range. If unforeseen complexities arise (e.g., title defects), the fee may be revised.
Typical Sale Costs1:Typical Remortgage Fees:
Legal Fees2 (Inclusive of VAT at 20%)
Additional fees are included in the above range and are applied where applicable. Some typical examples of these are as follows (inclusive of VAT):
Leasehold purchase fee:
Banking and bank charges fee:
Lawyer Checker fee:
ID verification administration fee:
OS1 search fee
Office copies fee:
Bankruptcy search fee:
Fee for provision of general searches, which includes local authority, water and drainage, and environmental searches
Search Indemnity fee – this is for a no search indemnity policy (Inclusive of VAT at 20%)
We carry out searches on a re-mortgage only if it is a requirement of the lender (below are an indicative costs if searches are required).
£150 – £900
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£30.00 – £50.00
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Search Fees (Inclusive of VAT at 20%) (these are not included in the legal fees mentioned above)
Dependant on the property type & location typical examples of these can be:
Mining Search:
Brine Search:
Chancel Search:
£50.00-£70.00 (per search)
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Other Disbursements3 (no VAT)*
Land Registry Fee: (Dependant on the value of the property)
1 Costs means fees and disbursements, taken together
2 Fees means our charges for the work we do for you (including any VAT element)
3 Disbursements means any costs or expenses paid or to be paid to a third party on your behalf
£20.00 – £140.00
£20.00 – £140.00
Typical Sale Costs1:Typical Remortgage Fees:
£450 – £1900
Additional fees are included in the above range and are applied where applicable. Some typical examples of these are as follows (inclusive of VAT).:
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£30.00 – £50.00
We carry out searches on a re-mortgage only if it is a requirement of the lender (below are an indicative costs if searches are required).
£50.00-£70.00 (per search)
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£20.00 – £140.00
£20.00 – £140.00
1 Costs means fees and disbursements, taken together
2 Fees means our charges for the work we do for you (including any VAT element)
3 Disbursements means any costs or expenses paid or to be paid to a third party on your behalf
Please contact us for a Free Quote.
A detailed quote will always be provided to you at the beginning of the case.
Our costs quotes for the work to be carried out are made on the following assumptions. If any of the assumptions are incorrect, we mayneed to revise our quotation:
That the property is registered land.
That you are obtaining a mortgage from a high street lender and that lender does not require separate legal representation.
That no third parties’ consents are needed to the transaction.
That in the case of leasehold land that there is no freeholder’s or superior lessor’s consent required as a pre-condition of there mortgage.
That no unforeseen matters arise including for example (but not limited to) a defect in title which requires remedying prior to completion or the preparation of additional documents ancillary to the main transaction
That the transaction is concluded in a timely manner and no unforeseen complication arise
That all parties to the transaction are co-operative and there is no unreasonable delay from third parties providingdocumentation
Resources
Frequently Asked Questions
Explore our FAQs for Remortgage!
How long does a remortgage typically take?
Remortgages are usually quicker than a purchase or sale, often completing within 4-6 weeks, though this depends on your lender and how quickly documentation is returned.
Will I need a survey when remortgaging?
Your new lender will usually arrange their own valuation of the property. This is separate from the legal work we carry out on your behalf.
What is a legal charge, and why does it need registering?
A legal charge is the formal record of your lender’s interest in the property, registered at the Land Registry. When you remortgage, your old charge is removed and the new lender’s charge is registered in its place.
Do I need to pay Stamp Duty when I remortgage?
No, Stamp Duty Land Tax doesn’t apply to a straightforward remortgage with no change in ownership.
