How much will it cost?
To find out how much it’ll cost, get a quote — it takes seconds and you can sign up right away.
How long will it take?
According to Mojo (a mortgage broker), it typically takes 6 weeks to complete a remortgage. Juno’s average is faster, at 4 weeks.
Freehold and chain-free properties are usually faster than leaseholds and chains. (Houses are usually freehold, and flats are almost always leasehold).
My lender’s offering free legals. Should I take it?
Make sure you read the small print. Free legals are often not free(!) – you’ll get charged for ‘extras’ – and the service is usually better when you pay for it. If you’ve got at least a couple of months until you need to complete, free legals are still probably the cheapest option.
How conveyancing works
Here are the six steps to conveyancing when remortgaging.
📝 1. Sign up
The first thing is to tell us about you and the place you’re remortgaging, and do your ID checks. With Juno you can do all this online.
📖 2. Land Registry records
We’ll obtain the Land Registry records for the property and check the details. This is an important step for your new mortgage lender — you know the property well, but for your new lender, it’s a new property.
📊 3. Management pack
If your property has a service charge, you’ll need to ask your management company to provide a pack of information and documents to show that the property is properly managed. This is another check we run for your new lender.
🧾 4. Mortgage statements
If you’ve got a mortgage or loan secured on the property, we’ll get hold of repayment statements.
🏦 5. Mortgage offer
You’ll need an offer from your new letter, and they’ll often require a valuation survey too. We might need to ask you some questions to make sure you’ve met all the conditions in the offer, particularly if the property is owned by a company.
🎉 6. Completion
When completion day arrives, we make sure we’ve received all the money, and after paying off any mortgages or loans, we transfer any money left over to you.