Remortgage conveyancing
Switching your mortgage can feel like a smart financial move—whether you’re chasing a better interest rate, fixing your monthly payments, or releasing equity for renovations. But while the financial side often gets the spotlight, the legal process—known as remortgage conveyancing—is what makes the switch valid and secure.
If the terminology feels overwhelming, you’re not alone. This guide explains the process in plain English, step by step, so you know exactly what’s happening behind the scenes.
Quick answer: What is remortgage conveyancing?
Remortgage conveyancing is the legal process of replacing your existing mortgage with a new one—either with a different lender or, in some cases, a new deal with the same lender.
Because a mortgage is a legal charge against your property, a solicitor or licensed conveyancer must:
- Remove (redeem) the old lender’s charge
- Register the new lender’s charge with HM Land Registry
- Ensure the title remains legally sound
Important: If you’re staying with the same lender and simply switching deals (a product transfer), legal work is usually not required.
Why do you need a solicitor for a remortgage?
Most lenders insist on a solicitor or licensed conveyancer acting on their behalf. This isn’t just red tape—it’s about protecting both you and the lender. Your solicitor will:
Verify your identity
To comply with anti-money laundering regulations and prevent fraud.
Check the property title
To confirm there are no legal issues (such as restrictions or disputes) that could affect the lender’s security.
Handle the funds
They receive money from the new lender and ensure your old mortgage is paid off in full.
Update the land registry
They register the new lender’s legal charge against your property.
The remortgage conveyancing process step-by-step
Remortgaging is typically quicker than buying or selling because there’s no property chain. Here’s how it works:
1. Instruction and identity checks
Once you receive your mortgage offer, you instruct a solicitor. They’ll:
- Send an initial questionnaire
- Carry out compulsory ID and anti-money laundering (AML) checks
- Request proof of address and identification
2. Reviewing the title and searches
Your solicitor obtains your title register from HM Land Registry to check for:
- Existing charges
- Restrictions
- Ownership details
Searches vs indemnity insurance
- Some lenders require full property searches (local authority, drainage, environmental)
- Others accept search indemnity insurance, which protects the lender instead of investigating
This can significantly speed up the process.
For more information, see: What are conveyancing searches? A complete guide for homebuyers in England and Wales
3. Requesting a redemption statement
Your current lender provides a redemption statement, which confirms:
- Outstanding mortgage balance
- Daily interest
- Any early repayment charges (ERCs)
This ensures the exact amount is repaid on completion.
4. Reviewing the new mortgage offer
Your solicitor checks the lender’s conditions and explains anything important, including:
- Special conditions
- Loan terms
- Your obligations
You’ll then sign the mortgage deed, which is a legally binding document.
5. Completion
On completion day:
- Your new lender transfers funds to your solicitor
- The solicitor repays your existing mortgage
- Legal fees and costs are deducted
- Any remaining funds (e.g. equity release) are sent to you
6. Post-completion registration
After completion, your solicitor:
- Removes the old lender’s charge
- Registers the new charge with HM Land Registry
You’ll receive updated title confirmation once processed.
How much does remortgage conveyancing cost?
Costs vary depending on complexity, property type, and lender requirements.
Legal fees
Typically £300–£800 (higher for leasehold or complex cases)
Disbursements (third-party costs)
Common examples include:
- Land Registry official copies: £3–£12
- Land Registry registration fee: varies by loan value
- Bankruptcy search: ~£2 per person
- ID verification: £10–£20
Fee-assisted remortgages
Some lenders offer “free legals,” but:
- Coverage is usually limited
- Extra charges may apply for leaseholds or transfers of equity
How long does remortgage conveyancing take?
Most remortgages complete within 4 to 8 weeks. Factors that can affect timing include:
- Speed of mortgage offer issuance
- Delays from your current lender (redemption statement)
- Leasehold requirements (managing agents/freeholders)
- Whether searches are required
Special situations to be aware of
Adding or removing someone (transfer of equity)
If you’re changing ownership (e.g. adding a partner), a solicitor must:
- Draft a Transfer Deed (TR1)
- Update ownership at HM Land Registry
Leasehold properties
Leasehold remortgages involve additional checks, including:
- Remaining lease term (usually at least 80 years required – often more)
- Ground rent provisions
- Service charge arrangements
Help to Buy equity loans
If you used Help to Buy:
- You’ll need consent from Homes England
- Additional legal steps and admin apply
- A valuation may be required
Frequently asked questions
What is a redemption statement?
A document from your current lender confirming the exact amount needed to repay your mortgage, including interest and fees.
Do I always need a solicitor to remortgage?
In most cases, yes—especially when switching lenders. Product transfers usually don’t require one.
Can I remortgage if I have bad credit?
Possibly, but options may be limited and lenders may impose stricter checks. The legal process remains broadly the same.
Is remortgaging quicker than buying a house?
Yes. Without a property chain, remortgaging is typically much faster and more straightforward.
Helpful resources
- HM Land Registry – property ownership and registration guidance
- Solicitors Regulation Authority (SRA) – finding regulated solicitors
- Council for Licensed Conveyancers (CLC) – conveyancer regulation
- Leasehold Advisory Service – leasehold rights and guidance
- MoneyHelper (formerly Money Advice Service) – remortgaging guidance
Remortgage conveyancing: Final thoughts
Remortgage conveyancing may happen largely behind the scenes, but it’s a critical part of securing your new mortgage and protecting your property rights.
Understanding the process—from identity checks to registration—helps you stay informed, avoid delays, and approach your remortgage with confidence.
This guide is based on general principles of English and Welsh law, is intended for informational purposes only, and does not constitute legal advice or establish a professional relationship.
