when you instruct us you will need to complete an initial questionnaire and some additional forms along with your initial payment to start the process.
if you are selling your Leasehold property or a Freehold property with a management company, we will need details of their requirements and fees for transferring your mortgage provider and the sales pack of information.
we will write to the landlord and/or management company for you – it is normal for your landlord and/or management company to charge a fee for the information.
we need to get a copy of the title deeds to the property and request a redemption statement showing what you owe on the property.
we ask for an up to date electronic copy of the deeds (Official Copies) and in some cases supporting documents from the Land Registry.
we will apply to your current mortgage lender for a redemption statement showing the balance left to pay.
your new mortgage lender will send us both a copy of your mortgage offer. we will check the offer and let you know if there are any special conditions or retentions attached to the offer.
you will receive a report giving the details of the mortgage offer for you to review and the mortgage deed for signing.
most lenders don’t require searches for a remortgage, but we will check your lenders requirements.
where searches aren’t required, you will need to obtain “no search indemnity insurance” – don’t worry we do this for you.
as it’s a remortgage we don’t exchange contracts, we simply agree a completion date. then we request an up to date redemption statement from your current lender and get funds from your new mortgage provider ready for the date we’ve agreed.
on the day you complete we will redeem you existing mortgage.
we use the transfer of equity to describe a change of ownership where at least one of the original owners remains on the legal title.
we typically do this where a couple who own a property jointly separate (a 2-1 transfer of equity) or when a couple get together, perhaps they get married and a property is transferred from one of the couple’s sole names into both names (a 1-2 transfer of equity).
see our FAQs for more information on transfer of equity and some useful examples.
congratulations you’ve remortgaged!
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elephant conveyancing is a trading name owned and operated by EHL Group Limited. A full list of partners is available upon request.
Work is directed to panel firms. All panel firms are regulated by either the CLC or SRA and will contract with you directly. All panel firms trade as elephant conveyancing under licence EHL Group Limited.