fbpx

Remortgage Solicitor Belfast Top Advice – The Main Questions For Borrowers. 

Mark Kelly LLB talks us through the top three.

A remortgage can be a very daunting experience, especially if you are coming to do one for the very first time. You will have a lot of questions and uncertainties about the process, timescales and what is actually required. At RG Sinclair Solicitors & Co we take all the stress and make the process clear, concise and hassle free for you. We pride ourselves in providing an excellent service, keeping the borrower informed at each step. Here are some easy guides to follow to get the process started:

What is a remortgage?

A remortgage is when you end your current mortgage with your current provider and take out a new mortgage with a different lender. When the process is complete, your old lender is paid off in full by the new lender who then takes over as your mortgage provider.

Why should I remortgage?

Remortgage to save money.

For many people, the largest expense each month is their mortgage payment. By searching out a better deal with another lender, even a small change in the interest rate being paid could add up to substantial savings.

If the value of your property has gone up from when you started your last mortgage, then the loan-to-value of your property may also have reduced. This would mean you could be eligible for lower rates than what you are currently on with another provider. This could result in great savings each month.

Remortgage to get extra money.

Some people remortgage to borrow some extra money in order to get home improvements done, consolidate debt or to buy a second property to let. These options can be discussed with your financial or mortgage advisor.

What do I do when I have a mortgage offer?

Once you have the offer that best suits you, contact Mark at RG Sinclair through phone (02890231770) or email (m.kelly@rgsinclair.co.uk) and he will give you a quote for the firm to do the legal work. When you are happy to proceed, let your new lender know and return the initial paperwork to the person handling your case at RG Sinclair and they will do the rest. At RG Sinclair, we pride ourselves in providing an excellent service, making every step clear and hassle free for the borrower.

remortgage delayed

Mark Kelly LL.B

Legal Manager

Mark Kelly studied at the University of Ulster at Jordanstown and graduated with an LL.B in Law and Government in 2003.

After graduating, Mark worked for 10 years in the charity sector as a Local Area Director, later being promoted to Manager and Team Leader in 2016. In addition to this, Mark played a key role in in the finance department, while maintaining and developing the Charity’s website and IT infrastructure. Mark joined the re-mortgaging Department at Robert G Sinclair Solicitors in January 2017. Outside of work, Mark is a keen rugby player and enjoys spending time with his family.

Mark also sits on the Board of Governors for a primary school and is a trustee for Abaana, a charity which works with disadvantaged children in Uganda.

About Belfast Solicitors and Law Firm Robert G Sinclair Solicitors

Our purpose is to provide you with legal advice that is clear, simple and transparent to you about your legal needs. You can feel reassured from your very first consultation, when all expectations and fees are made crystal clear before we proceed.

You will be kept informed throughout the process and you will benefit from our vastly experienced team who are experts in many areas from Personal Injury claims to Property to Business Legal Services and Banking. Please contact us on info@rgsinclair.co.uk or call 028 9023 1770.

Need a quick response?

Ask one of our solicitors today.