We know that there are various reasons to consider remortgaging your property and the most common is to release equity in the process. At Banner Jones, our quick and efficient conveyancing process will save you and time money.
Talk to Banner Jones. We are ready to help you.
We know that there are various reasons to consider remortgaging your property and the most common is to release equity in the process. Choosing to remortgage can also save you money in the long-term by having a better mortgage deal. However, in the short term, you need a remortgage conveyancing solicitor who will act quickly. At Banner Jones, our quick and efficient conveyancing process will save you and time money.
We’ve helped thousands of families to remortgage their homes, with offices based in Sheffield, Chesterfield, Mansfield and Dronfield.
Contact Banner Jones today on for hassle-free remortgage conveyancing.
Remortgaging is the process of switching onto a new mortgage deal, either with the same or a different lender. If it is with a new lender, the property owner will need to find a new mortgage provider and go through the legal process of conveyancing, as if they are buying a new home.
Some of the reasons to remortgage include:
Shop around and get the best deal for you. Look at the terms and conditions of your existing mortgage. It is highly likely you'll have to pay any fees for paying off your mortgage early. However, it’s important to assess the pros and cons thoroughly before considering to remortgage.
Once you've got a remortgage offer in writing from your new provider, you need to instruct a conveyancing solicitor. They will represent you on your behalf. The conveyancing solicitor will begin to do all the relevant searches and then check the Title Deeds with the Land Registry.
The banks may offer you a solicitor from their panel that may appear cheaper than your local firm. Very often they are call centre based conveyancing firms who can be very slow to react. We've seen clients lose a months mortgage payment because they just can't get hold of anyone. The ID forms can be complex and at Banner Jones we will help you through it all, step by step. Leave the paperwork to us.
Your conveyancing solicitor will obtain a redemption statement from your current lender. This document requests that you wish to pay off your existing mortgage. You will be required to sign the mortgage deeds from your new lender.
On the day of completion, the conveyancing solicitor will receive funds from the new lender. Then pay the mortgage balance and other fees to your old lender. Any left-over money will be sent to you. Once the old lender has received the funds, they will remove themselves from the Title Deeds.
The conveyancing solicitor will contact the Land Registry and request for the old lender to be removed from the Title Deeds and replaced with your new mortgage provider. The updated Title Deeds will be sent to your solicitor and then sent to you.
For a quick and efficient remortgage conveyancing service, contact Banner Jones on
We have offices in Chesterfield, Sheffield, Dronfield and Mansfield.
We know how important time is to you, especially when moving house.
Our Flying Start portal allows you to complete the initial part of the process online at your convenience. You can agree your quote, sign the T&Cs, complete a selfie online ID check and fill out your initial paperwork from your phone.
Download our free guide covering everything you need to know about the process of buying or selling a residential property.
Andrew, NottinghamshireHouse Conveyance
From start to finish it was a very professional service, delivered with a personal touch. Definitely use again.
Talk to Banner Jones. We are ready to help you.
The current market and national economy is so uncertain that people may choose to wait and indeed remove their risk by pulling out of the transaction. Although there is no reason not to carry on as normal in terms of the legal process we have to consider slower transaction times or hesitant investors or buyers.
You can withdraw from a sale or purchase up until the point contracts have been exchanged. Any deposits paid after exchange of contract will then by non-refundable. After contracts are exchanged you are then responsible for the property you are buying and should arrange suitable insurance from this date.
A local authority search completed for a house purchase is valid for 3 months.
We usually say 8-12 weeks for an average sale or purchase. Queries and concerns can often come out of the local authority searches which need further investigation and sometimes this leads to re-approval from the Mortgage lender. This can add further time into the process.
Unfortunately, in this situation the seller will not be able to give vacant possession, which will lead to completion delays. As a preventative measure, as per question 1, we can offer to exchange contracts and complete on the same day, which ensures that contracts are only exchanged if all parties in the chain are able to move on that day, thus reducing the risk to all parties. This can be more stressful so we ask that clients be sensible and accommodating of the situation.
You can indemnify the work by taking out an insurance policy. This means that you can not be held liable for any future fault on the work that was done. We can arrange this for you
Stamp Duty is a tax levied by HM Government on a transfer of property. For residential single property ownership this tax is calculated at 5% for the portion of the property value between £250,001 and £925,000, 10% for the portion between £925,001 and £1,500,000 and 12% for the portion £1,500,001 and over. Duty may also be chargeable on any rental charge (leases only) - this affects both residential and commercial leases where different thresholds are applied. There are different rates for First time buyers and "second homes/buy to let".
Tenants is Common is where two or more people are entitled to the proceeds of sale in distinct shares - on the death of one, his/her interest will not pass to the survivor(s) but will be part of his/her estate. Joint Tenants are on the other hand 50/50 Co-owners of land - when one of them dies, his/her rights of ownership pass to the survivor(s).
National Trading Standards Estate and Letting Agency Team (NTSELAT) published comprehensive new guidance covering the process to improve material information disclosure in property sales on the 30th November 2023.
Our expert team will handle the legal process as quickly and efficiently as possible.
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A unique Title Number is allocated by the Land Registry to every property that is registered with them. This identifies the property and its owners and distinguishes it from other properties having similar addresses. Registration of a property with the Land Registry has been compulsory since 1 December 1990 in England and Wales, however, if you purchased your home before this date then it may not be registered.
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Surveyors have updated their guidance on invasive species such as Japanese Knotweed when valuing property, but landowners and homeowners should continue to keep on top of their responsibilities in controlling this and other invasive, non-native plants.
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We know that moving house is often a very busy and stressful time. This may leave you more susceptible to falling victim to property fraud. This guide outlines useful advice on what you can do to help protect yourself.
The restrictions on overseas travel has seen a race for UK holiday accommodation. Where property owners look to make money from ‘staycations’ by offering their homes on sharing platforms such as Airbnb, the ease of letting does not take away the responsibility to understand and keep up with relevant rules and regulations.
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In this article, our residential property expert, Kate Skelton, answers some of the more commonly asked questions about what is and what is not possible during these times; including what to do if you have already exchanged contracts but are unable to move due to the pandemic, and who to speak to if your financial situation changes in the coming months.
Recent government statistics have revealed that the Help to Buy ISA scheme is helping first-time buyers to get on the property ladder three years earlier than they otherwise would. The result has been calculated by looking at the average age of first-time buyers both with and without the ISAs. On average, those who use the ISA to buy their first home are three years younger than those who do not, with the median age of those using the Help to Buy ISA being 27.
It’s a troubling norm of today’s society that most people will have heard a horror story about property fraud from a family member, a colleague from work or simply reading online. Importantly, these stories need to be kept in perspective: remember, the tales of properties being rented and sold without any noteworthy problems are the ones people usually don’t bother sharing! However, it’s also worth taking heed of the negative experiences of others to ensure you do everything you can to avoid falling into similar traps.
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Recent official figures have revealed that homebuyers are being lent more money by banks than at any time since the global financial crisis a decade ago, with many of the borrowers being young people for whom stepping onto the property ladder is barely affordable. As such, billions of pounds of debt which may prove unsafe is being taken on by them at a time when interest rates are expected to rise.
Is it ever possible to get the keys to a new home without gaining a few grey hairs? Read on to find out how to make it as simple as possible.
There are several reasons why downsizing your home may become a serious consideration for you in the future.
Check out our top tips below to ensure a smooth and easy moving day.
Moving to Chesterfield? Check out our Chesterfield Moving Guide for tips on how to turn your house into a home.
Check out our top tips below to ensure a smooth and easy moving day.
Download our free guide covering everything you need to know about the process of buying or selling a residential property.
Companies are within their rights to monitor the private online activities of their employees when they are in the office.
A woman recently won damages on behalf of her son for injuries sustained at his birth as a result of the alleged negligence of a consultant obstetrician and gynaecologist.
We’ve enlisted the help of some local relationship counsellors in Sheffield to provide you with some survival advice to help get you through a divorce.
Mr & Mrs B, MansfieldGreat service from start to finish. Josh kept us updated throughout the process and was always very prompt with responses. Highly recommended.
Mr & Mrs S, ChesterfieldWe opted to use Banner Jones for assistance with our property purchase. We found the team to be extremely professional and great with communication. All round impressed, would use again for other services. Thank You
Mr B & Ms R, Market WarsopCheryl gave an excellent service. Told us everything in detail. Good work, Cheryl.
Mr & Mrs H, MansfieldHollie was really great! What a great team, thank you very much!
Mrs S,SheffieldI received excellent service for the purchase of my house
Mr & Mrs B, ChesterfieldHouse moves are very stressful. First rate service. I was put at ease with everything and the way our move was handled. I would highly recomend Banner Jones.
Mr W, DerbyshireThanks very much Jenna. I have been very happy with Banner Jones's help in the sale of my home. Please pass on my thanks to Gemma. Best wishes.
Miss D, Clay CrossHolly was extremley helpful and efficient, she was aware that I wanted to purchase my house as soon as possible so that I could have refurbishments done. She activiely pushed the process forward as quickly as she could. I appreciated the extra time she took answering my questions and concerns. I wouldnt have understood the process without her advice and guidance.
Mr & Mrs C, HockleyHolly
Many thanks for all your help in making the sale /purchase of the above properties such a thoroughly smooth, stress free journey.
We can highly recommend your company .
Mrs D, Dronfield WoodhouseRichard Joy provided excellent and a prompt service
