THE REMORTGAGING PROCESS:
The work carried prior to drawdown of funds :
Obtain Title Deeds from you or your Mortgage Company.
Confirm your current mortgage details and request a statement from the Mortgage Company.
Go through your Mortgage Offer to establish the conditions which need to be satisfied to drawdown funds.
Arrange for any reports required by the Mortgage Company to be obtained.
Peruse the Valuation Report of the Property.
Arrange a Local Authority Search if required or if not obtain Search Indemnity Insurance.
Signing of Documentation:
Arrange for you and any occupiers to sign the Mortgage Deed and any further documentation.
Agree a drawdown date with you.
Request Funds.
Completion and Post Completion Work:
Receive funds from Mortgage Company.
Repay any existing mortgages/loans on the property.
Forward Discharge Documents to purchaser's Solicitor in due course.
Forward the balance of funds to you in accordance with your instructions.
Apply to Land Registry to register the changes.
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