Mortgage Solicitor | Property and Conveyancing | Howells LLP
Make a payment

Mortgages & Re-Mortgages

Mortgages & Re-Mortgages

Our Property & Conveyancing specialists can help whether you are mortgaging your property for the first time, or changing mortgage providers to get a better deal borrow more money, or because your circumstances have changed.

We are accredited panel members with a vast number of lenders and have extensive experience working with an array of banks, building societies and other specialist mortgage lenders, so we have existing knowledge of how they all work.

Mortgage Process

Getting a mortgage can be a daunting task, due to the range of mortgages available to choose from. Our mortgage solicitors have put together step-by-step guidance on the mortgage process. 

1. Get Pre-Approval

You need to work out which kind of mortgage is best for you, how much you can afford to pay and obtain a pre-approval for this loan.  

2. Find a Property 

A lot of people start looking for properties before they are pre-approved for a mortgage, and perhaps before they are thinking of buying a home. Once you’ve found a suitable property, you will need to put in an offer. Your estate agent will be able to help you do this. 

3. Apply for a Mortgage

You are ready to apply for a mortgage, and you will need to approach a mortgage lender. We recommend going back to the one that gave you pre-approval, but you can shop around to make sure you get the best deal. 

4. Complete Loan Processing

The lenders will pull together all the information you have provided into a loan estimate which is a document which presents the home loan information in an easy-to-read format. 

5. Go Through the Underwriting Process

Your application will then be assessed by underwriters who are the key decision-makers in the mortgage approval process and are the people who will give the final approval. 

6. Close on the Property

If your mortgage application is approved, it’s now time for a closing meeting. It typically takes 30–45 days to close on a house, depending on how long it takes to get a home inspection, and whether you are pre-approved for a mortgage.

Remortgage Process 

Remortgaging is the process of switching from one mortgage supplier to another and typically takes 4–6 weeks but is dependent on several factors. 

1. Review your Existing Mortgage & Terms

Your conveyancer will ask for proof of ID and gather your current mortgage details, in particular a redemption statement, which tells them what amount is outstanding, and whether there are any early redemption or exit fees. If your property is leasehold, the conveyancer will also check the terms of the lease to make sure it is compliant with your new lender’s requirements. 

2. Property Searches

Some lenders may want you to conduct searches on your property which can make the transaction slower and more costly. In either case, your conveyancer will take care of the process. 

3. Review the Property Valuation

Your new mortgage lender will value your property and provide you and your conveyancer with a copy of the document. Your conveyancer will then check through all the fine print and terms and conditions of your mortgage offer and raise any issues. 

4. Sign in the Remortgage Offer

Once you are happy with the terms of your remortgage, your conveyancer will ask you to sign the new mortgage deed. On the day the funds are received from your new mortgage, your conveyancer will use these to pay off your existing mortgage. If any funds are due back, your conveyancer will send this back to you. 

5. Registering the Changes with the Land Registry 

Once confirmation is received that your old mortgage is paid, your conveyancer will update the Land Registry that a remortgage has taken place. 

Why Choose Howells for your Mortgage?

Competitive Prices

Our mortgage solicitors aim to provide the best quality legal service at competitive prices meaning you will receive the best service no matter what the price you pay.

Professional Service

Our Property & Conveyancing specialists are highly regarded in the industry and receive fantastic feedback on their professionalism, whilst being down to earth and offering a personalised service to each client.

Guidance and Support

Our team is here for you. We aim to make the process stress-free and easy and will be with you every step of the way. Our mortgage solicitors are there to offer advice to keep your mind at ease, and we also communicate regularly, openly and sensitively. We are always ready to listen.

Transparency

What we quote for is what we do, and we make sure you are fully aware of the mystery of the legal process, so you have no fears or worries.

Costs

Our competitive prices are fixed fee based dependent on the value of the property you are buying and or selling. To obtain a free quote listing our fees, disbursements and vat, please click on the free conveyancing quote button below. This will give you an instant quote. The quote can be obtained without leaving your contact details. Just press “Calculate”, but please leave your details if you want us to contact you.

Property & Conveyancing Articles

The Team

Our experienced Conveyancing team enjoy nothing better than being recommended by your family and friends to use us for your conveyancing needs. They enjoy meeting clients on a face-to-face basis to give that support and reassurance at this stressful time. Our team are highly skilled and use the latest conveyancing technology but still offer the friendly and personal service that clients prefer. They understand that they’re not dealing with ‘cases’ but with people, not bound up in legal process but in real lives. This team is supervised by Lindsey Rawson.

Stephen Taylor

0114 249 6636
Lindsey Rawson

0114 249 6672
Emmanuella Wallace

0114 249 6624
Tina Staves

01709 364 887
Danielle Mahyar

01226 805 190
Stacey Crane

01226 805 190
Sofiah Younis

0114 249 6624
Jessica Carnell

0114 249 6625
Karman Wan

0114 249 6624
Jane Nightingale

0114 249 6624