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Minehead

22 The Parks, Minehead,
Somerset, TA24 8BT
Minehead Solicitors

Taunton

17 The Crescent, Taunton,
Somerset, TA1 4EB
Taunton Solicitors

London

Central Court, 25 Southampton Buildings,
London, WC2A 1AL
London Solicitors

Re-financing and equity release mortgages

Mortgages

Remortgaging or Mortgaging is the process of paying off your existing mortgage and taking out a new mortgage with a different lender, or securing finance on your home to release equity.

Our experience

Our solicitors are experienced in remortgaging and whilst we cannot give you any financial advice on the mortgage itself, we can deal with the legal work for you once the decision has been made.

Most homeowners remortgage to secure a better mortgage rate and save money on repayments, others may want to borrow more to receive a lump sum for home improvements or to consolidate debts.

We can offer expert advice to ensure that the remortgage proceeds as smoothly and quickly as possible. We will act for you and your lender to ensure that the old mortgage is repaid and the new mortgage is registered at the Land Registry.

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Equity Release

An equity release, or lifetime mortgage, is a loan that is secured against your property which doesn’t need to be repaid during your lifetime.

Instead, interest accrues each year but this just increases the total debt that will be repaid on your death. Equity Release mortgages are more complicated than the usual household mortgage and the lender normally insists that you obtain your own, independent legal advice separate to the lender.

We have years of experience in dealing with equity release mortgages and are here to guide you through the process smoothly.

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  • We have found the service provided by Maitland Walker in Minehead excellent. The attention to detail and efficiency has been second to none with regular updates.

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