Remortgaging Lawyers Enfield, Finchley, North London and Hertfordshire

Main Issues

The main issues involved in a Remortgage include

• Checking the title documents
• Submitting appropriate searches and advising the mortgage company of the results
• Advising you as to the terms of the mortgage
• Agreeing to a completion date
• Preparing the mortgage deed
• Submitting the certificate of title to the lender
• Obtaining the mortgage advance
• Paying off the existing mortgage
• Discharging the original mortgage and registering the new mortgage at HM Land Registry

Objectives

We will

• Ensure that the Title to the property satisfies the mortgage company’s conditions
• Complete the new mortgage
• Discharge any existing (former) mortgage
• Register the new mortgage with the Land Registry

Time Frame

From past experience we would normally expect a complete remortgage within five weeks of receiving full instructions.

Quoting for your Transaction

We will send you a quote for costs and disbursements together with a Client Care bundle. Our charges are fixed and there may also be expenses we incur directly on your behalf (disbursements; which includes things such as search fees and land registry fees).   Value of added tax at the current rate will also be added to our costs.

The estimate we send you assumes that the transaction proceeds smoothly. Certain issues may result in having to revisit the estimate as the matter proceeds. This could include things such as

• Problems with the title of the property
• Problems with the boundaries of the property
• Unexpected issues raised in searches
• Problematic or incomplete documentation supplied either by your lender or yourself

Mortgage Issues

The above list is not intended to be exhaustive but should any such issues arrive we’ll provide you with a revised estimate at that stage and explain the reasons why the estimate has needed to be revisited.

If your transaction does not proceed for whatever reason we will still charge you fees and disbursements for the work we have carried out to that date.

Other aspects of conveyancing which are available

• Variations on the conveyancing process
• Assisting in negotiating terms before the contract is prepared
• Variations on the terms of the contract
• Variations on searches on a purchase
• Option agreements
• Claw back agreements
• Private mortgages or loans
• Bridging loans
• Wills
• Declarations of trust
• Beneficial interest in property
• Joint ownership
• Cohabitation agreements
• Licenses
• Leases
• Tenancy agreements
• Boundary issue

Extent of Retainer

We will only deal with the legal aspects of this transaction. We do not advise on any other matters relating to the property.

We are not:-

• Qualified to give investment advice
• Independent insurance advisors or brokers
• Where we offer to obtain or provide an insurance policy this is solely based on legal requirements and no advise is given in respect of the premium or whether cheaper policies are available elsewhere
• Accountants or tax specialists. We can give you an amount regarding the stamp duty land tax which will be payable on a transaction but we cannot advise you in respect of your tax implications
• Generally able to visit the property unless specifically requested to do so (for which we will charge an additional fee). It is therefore for you check any plans provided by us in respect of the property to ensure they accurately reflect the property on the ground
• Able to confirm that the structure of the property is safe and satisfactory and complies with all planning permissions and building regulations consents
• Able to advise you as to whether the purchase price of the property is fair and reasonable
• Surveyors and cannot advise on both general and specific issues arising from your survey
• Is going to transfer any utilities, phones, council tax for you. This must be done directly with the relevant authority or utility providers
• Removal experts