Remortgaging Solicitors Cork
Remortgaging involves switching your mortgage from one lender to another. As the economy improves, many property owners have started to think about switching to a different mortgage lender. On the legal side, remortgaging involves removing your existing mortgage from the title to your property and registering the new mortgage. Taylor Solicitors Cork can help you through the legal process.
What’s involved?
- Firstly, you need to get approved for a new mortgage with the new lender. Once you’ve been approved, the new lender will send us a copy of the Loan Offer and all of the associated mortgage documentation.
- We request the title documents from your existing lender and complete a review of the title and request any necessary updated documentation we need from you.
- We will meet with you to review your new Loan Offer and answer any questions you may have. If you are happy with the terms of your new mortgage you sign the relevant documents and we return the legal items to the new lender. At this stage, you will need to liaise with the bank to make sure all non-legal matters are in place.
- We then request the loan funds and use these to pay off your existing mortgage. Part of our work requires us to make sure there are sufficient funds available from your new mortgage to pay off the old mortgage.
- Once the old mortgage is paid off, we arrange for registration of the new mortgage.
- We then forward the updated Deeds to your new lender.
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Remortgaging Solicitors Cork
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