Re-mortgaging can be an excellent way to save money, release equity or secure a better deal on your existing home loan. At Morgans, solicitors in Dunfermline and Kinross, we make the re-mortgaging process simple for clients across Fife and throughout Scotland, ensuring everything is completed efficiently and on time.
Making your mortgage work for you
Many homeowners choose to remortgage when their current deal comes to an end or when they want to borrow more against their property. Whatever your reason, our team will guide you through the process, working closely with your new lender to complete all legal requirements quickly and with minimal disruption.
We act for clients across Dunfermline, Kinross and beyond, helping them switch mortgages smoothly, remove or add parties to the title, and ensure all lender conditions are met.
What happens when you re-mortgage?
Re-mortgaging may sound straightforward, but there are a few key legal steps to complete before funds can be released. Morgans will:
- Check your title deeds to confirm ownership and identify any existing securities.
- Review your new mortgage offer and advise you on the lender’s conditions.
- Redeem your existing mortgage, arranging for your old lender to be repaid in full.
- Register the new security with Registers of Scotland so that your new lender’s interest is recorded correctly.
- Release any remaining funds to you if you are borrowing more against your property.
We handle all communication with your lender and ensure your new mortgage is registered and effective without delay.
Why engage Morgans?
✔ Local expertise – With offices in Dunfermline and Kinross, we understand the property market in Fife and regularly act for clients throughout Scotland.
✔ Efficiency and clarity – Our conveyancing team will complete your re-mortgage quickly and keep you updated every step of the way.
✔ Trusted advice – We explain everything in plain language, helping you understand the process and your lender’s requirements.
✔ Personal service – You’ll deal directly with the same friendly solicitor throughout your transaction.
Time to switch? Let Morgans handle it
If you are considering remortgaging your home, contact Morgans today. Our solicitors in Dunfermline and Kinross will handle all the legal work, ensuring your new mortgage is completed swiftly and without hassle.
Frequently Asked Questions
Do I need a solicitor to re-mortgage my house?
Yes. The legal title to your property must be updated to reflect your new lender’s security, and only a solicitor can carry out this process.
How long does a re-mortgage take?
Most re-mortgages are completed within 2 to 4 weeks of receiving the mortgage offer, although timescales can vary depending on the lender.
Will I have to pay Land and Buildings Transaction Tax (LBTT)?
No. Re-mortgaging does not usually attract LBTT unless you are also buying an additional share or part of another property.
Can I remortgage if my property is jointly owned?
Yes. Both owners will need to sign the mortgage documents, and we will ensure all required changes are correctly recorded on the title.
Can Morgans help if I live outside Fife?
Of course. While many of our clients are based in Dunfermline, Kinross and across Fife, we regularly handle re-mortgages for homeowners throughout Scotland.