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.
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.