Trusted conveyancing solicitor can take the hassle out of remortgaging for landlords

March 4, 2020

With a third of landlords across the UK expected to remortgage over the next year, a leading Warrington law firm has advised property owners to make sure they use a solicitor they trust.

 

More than 60 per cent of landlords who choose to remortgage in the next 12 months are likely to use a mortgage broker or intermediary and ensuring that the right support has been enlisted is vital.

 

It is thought that 35 per cent of landlords with four properties are likely to remortgage compared to 19 per cent of those with between one and three.

A study by market research group BDRC found that around 63 per cent of those planning to remortgage have to in order to avoid being moved on to standard variable rates. However, one in five (22 per cent), say they are doing so to get a better rate whereas almost a quarter (24 per cent) say they would choose to remortgage to release equity from their property.

 

Amanda O’Hare, partner and member of the conveyancing department at Watsons Solicitors, said getting the right support when opting for a remortgage can make life a lot simpler for landlords and property owners.

 

She said: “A conveyancing solicitor can take a lot of the hassle out of dealing with a remortgage process – something many people may think is as easy as switching credit cards.

 

“Expert input – like we provide at Watsons – is required in a lot of the background legal work and a conveyancing solicitor can liaise with a new lender to take care of the checks they will need to carry out on the property.

 

“When remortgaging, it is important to plan ahead and choose a solicitor around a month in advance of the end of your existing mortgage. The process may be started sooner depending on any lender’s terms and conditions.

 

“The property specialist can also make sure monies are transferred safely and correctly, settling the existing lender’s loan as well as contacting the Land Registry to update title deeds and share the relevant documents with concerned parties.”

 

Watsons Solicitors’ property team is headed up by Stephen Martin, with Amanda joined by Kerry Baird, and Michaela Johnson in the department.

 

Amanda, who has been with Watsons Solicitors for five years, specialises in residential conveyancing.

 

Founded more than 60 years ago, Watsons Solicitors specialises in wills and probateemployment law, conveyancing, personal injury and family law.

 

Its experienced solicitors each hold accreditations and memberships of professional bodies relevant to their expertise, while the firm’s partners oversee all areas of work.

Contact Us

If you are interested or require any information on any of our services then please get in touch for an appointment on:

 01925 571 212
Mon-Fri: 9am - 5pm

Latest News

Revolutionised divorce process helping Cheshire law firm deal with surge in enquiries

Vital digital changes in the divorce process is helping one Cheshire law firm handle a significant increase in enquiries. Watsons Solicitors are finding an increase in enquiries from individuals seeking support for a range of family matters following the relaxation of lockdown during the COVID-19 crisis. Enquiries regarding divorce have seen a particular increase and […]

Legal partner talks COVID-19 and community on radio station

A partner at a leading Warrington law firm has appeared on a local radio station to talk about the impact the coronavirus is having on the legal world. Danny Hudson, a partner at Watsons Solicitors also discussed on Radio Warrington’s Business Bites programme the importance of the firm’s community work. Adaptations have been made with […]

Employment law specialist urges businesses to act quickly with furlough decisions

A Cheshire-based employment law specialist is urging businesses to take note of the government’s furlough updates, with one of the key deadlines fast approaching. The current scheme ends on 30 June, with a new flexible coronavirus job retention support programme scheduled to operate until the end of October. However, the new scheme is only available […]

Employment law specialist urges caution as employees return to the workplace

A Cheshire employment solicitor is warning employers to be mindful of potential costly mistakes as lockdown measures ease.   Under updated guidelines, those unable to work from home are allowed back into the workplace, with businesses issued with government guidance on keeping them as safe as possible.   There are concerns across England about the […]

Watsons Solicitors
Children Law Accredited
Conveyancing Quality
Criminal Litigation
Family Law Advanced
Personal Injury

Watsons Solicitors is a trading name of Watsons Solicitors Warrington LLP a Limited Liability Partnership registered in England and Wales registered number OC386012 whose registered office is 13 Bold Street, Warrington, WA1 1DJ.

Watsons Solicitors Warrington LLP is authorised and regulated by the Solicitors Regulation Authority number 598547.

Watsons Solicitors
Warrington
Cheshire
WA1 1DJ

01925 444 323
Website managed by Outwrite PR, an online reputation management agency
envelope-oclock-ophonefax linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram