Re-mortgage Services in Jersey
Whether you are refinancing to secure a better deal or reorganising your financial arrangements, Parslows LLP offers practical legal assistance for re-mortgaging your property in Jersey. Our team handles the legal formalities and works closely with your lender’s lawyers to keep the process efficient and hassle-free.
Re-mortgaging involves replacing your existing mortgage with a new one, either with your current lender or a different provider. Many clients choose this option to take advantage of better interest rates, reduce monthly payments, or consolidate borrowing. It can also be a way to release funds for home improvements or other financial goals. While the process is generally more straightforward than buying or selling a property, it still requires careful legal checks to ensure everything is completed correctly and on time.
When you instruct Parslows LLP, you can expect clear advice and a proactive approach. We review all security documents provided by your lender’s lawyers, explain the terms in plain language, and make sure you understand your obligations before signing. Our role includes confirming property title, preparing the necessary certificate of title, and ensuring that the lender’s requirements are fully satisfied.
We also manage the redemption of your existing mortgage. This includes obtaining redemption figures, arranging for the discharge of the old charge, and registering the new one. We liaise directly with both lenders and their lawyers to keep the process moving and avoid unnecessary delays. Our aim is to make the transition seamless, so you can benefit from your new arrangement without stress.
For freehold and flying freehold properties, the lender will require a charge to be registered against your property in the Royal Court. For share transfer properties, the process is different: the lender will typically hold your share certificates as security until the loan is repaid. We will guide you through these steps and ensure everything is completed accurately and on time.
Timing is often critical when re-mortgaging, especially if you are aiming to complete before your current deal expires to avoid penalty rates. We will keep you informed throughout and work to meet any deadlines you may have.
At Parslows LLP, we believe in transparency and clear communication. From the outset, we provide a full breakdown of legal fees and any other costs, so you can plan with confidence. If you have questions at any stage, our approachable team is just a call or email away. We are here to provide reassurance and practical advice whenever you need it.
Whether you are re-mortgaging to secure a better rate, release equity, or restructure your finances, Parslows LLP offers the expertise and personal service you need. Our residential property lawyers have extensive experience in re-mortgage transactions and a reputation for delivering exceptional service that is timely, accurate, and friendly.
If you are considering re-mortgaging your property in Jersey, contact Parslows LLP today. We will ensure the process is handled with care and efficiency, giving you peace of mind from start to finish.
