How long does it take to remortgage?Last Updated: September 16, 2018
In some cases, we have seen the lender take only a few days to issue a mortgage offer for remortgage applications where the property is valued by a desktop survey and where no further documentation requests are made because the lender is happy with the documentation provided.
When remortgaging to a new lender you will need to involve a conveyancing service or solicitor. Often this service will be provided as part of the remortgage deal with the mortgage lender. Sometimes you will need to appoint your own legal conveyancer and the lender will offer cashback instead.
The appointed solicitors are responsible for completing the remortgage process and we always advise that you regularly chase them to ensure a timely completion. As the solicitor is a third party, we will not always be kept updated with the progress. You must ensure that you respond to them as quickly as possible with any documentation that they request from you.