Why You Need Conveyancing Services When Remortgaging
For starters, conveyancing is the title given to all the legal and administrative work that is involved in transferring ownership of land or buildings from one owner to another. When you remortgage the lender will be holding the deeds to your house and this is why you need a conveyance or a solicitor involved in the process. The conveyancing process begins after an offer has been made by a lender and the owner of the property has confirmed and accepted that offer.
The conveyancing needs to be done by a solicitor which will be provided by your broker or someone that you already know and trust in the legal world. Some people do the conveyancing themselves, but this can be time consuming and if you don't know all the ins and outs of the trade it can be difficult and done wrong. It's obvious that these services are expensive, but in recent years they have become a lot cheaper. Remember it is well worth the expense to have it done properly, and if it is done by a professional you're a lot more likely to have the mortgage accepted by the lender.