Remortgage and buy-to-let
Whether you are looking to secure a better mortgage rate, release some equity or purchase a buy-to-let property, we at Tayntons are here to help and support your legal needs.
Getting the right legal advice is essential and you need to talk to experts you can trust. At Tayntons we are friendly and approachable, with extensive knowledge in the property area. We have received accreditation from the Law Society in both the Conveyancing Quality Scheme and the Lexcel excellence in legal practice management and client care.
We help you to look at all the areas of your remortgage or buy-to-let plans to see what the best course of action for you is.
Whether you are seeking to change the financial arrangements of your own family home or to extend your property portfolio, we have services that are tailored to your needs.
Speak to one of our remortgage and buy to let solicitors now by calling 0800 158 4147 or request a call back and a member of our team will be in touch promptly.
Our remortgaging services
If you want to remortgage your home, our dedicated team of remortgage solicitors are here to help. We have assisted thousands of people remortgage over the years and can handle all legal aspects of the transaction smoothly and cost-effectively.
There are many reasons why you may want to remortgage, such as:
- You are coming to the end of your fixed-rate or tracker deal with your existing lender
- You want better mortgage terms with a different lender (e.g. you want to overpay and pay off your mortgage quicker)
- You want to extend your mortgage and borrow more money
- Your home has gone up significantly in value
- You want to switch from an interest-only mortgage to a repayment mortgage
- You want to consolidate debt (it is advisable to speak to an independent financial advisor before securing further debt on your home)
We have substantial experience working with a wide range of mortgage lenders so we understand how they operate. We will ensure that all legal documentation is completed swiftly and accurately and we are always on hand to answer any queries you may have throughout the process.
How long does a remortgage take?
A straightforward remortgage will usually take about 1-2 months from the date you make the application. If remortgaging with a different lender, the process is likely to take longer than a simple product transfer with your existing lender as there are additional steps involved.
Do I need a solicitor to remortgage?
If remortgaging with a different lender, you will need a specialist solicitor with experience in remortgages to handle the transaction on your behalf. We liaise with the mortgage lender, review the documents, ensure all documentation is completed correctly, and ensure the transaction is properly registered at the Land Registry.
Our buy to let services
As well as being valuable assets in themselves, buy to let investments can provide you with a regular income from monthly rental payments. For many, property also feels like a more ‘solid’ investment as the property market is not directly affected by the ups and downs of the stock market.
That being said, there are still many important legal considerations you must take into account when investing in buy to let property, from tax considerations to your obligations as a landlord. Whether you are a first-time investor or looking to expand your portfolio, our buy to let solicitors can assist. We can provide advice on all aspects of owning buy to let property, including:
- Buy to let conveyancing – both buying and selling a residential buy to let property
- Certifications and buy to let regulations, such as gas safety certificates and landlord’s insurance
- Handling buy to let mortgages and remortgages
- Drafting and reviewing tenancy agreements
- House in Multiple Occupation licencing
- Maintenance obligations
- Tax considerations, such as income tax and capital gains tax
What is a buy to let mortgage?
A buy to let mortgage is a mortgage specifically for people who want to buy a property as an investment to rent out. Most mortgage lenders will not allow you to rent out your home on a standard residential mortgage so a buy to let mortgage is essential.
Many buy to let landlords take out their mortgage on an interest-only basis with the repayments covered by the rent from the tenants. This means that the mortgage repayments only cover the interest but not the capital of the loan. You may be able to switch to a repayment mortgage later on or repay the mortgage capital at the end of the mortgage term or when you sell the property.
How much deposit do I need for a buy to let mortgage?
It is usually more expensive to get a buy to let mortgage than a normal residential mortgage and you will need a bigger deposit – typically around 25% to 40%.
Why choose Tayntons’ buy to let and remortgage solicitors?
Our conveyancing solicitors in Gloucester have been supporting people with their remortgages and buy to let investments for many years. As well as properties in Gloucester, we work with people throughout Gloucestershire, including Cheltenham and the Forest of Dean.
We were one of the first firms in Gloucestershire to be accredited by the Law Society’s Conveyancing Quality Scheme (CQS) for the high quality of our service and ability to handle transactions efficiently and cost-effectively. We are also Lexcel accredited in recognition of our exceptional client care, compliance and legal practice management.
Get in touch with our residential conveyancing solicitors in Gloucester
Need advice about remortgaging or buy to let conveyancing in Gloucester, Cheltenham, the Forest of Dean or across Gloucestershire?
Speak to one of our remortgage and buy to let solicitors by calling 0800 158 4147 or request a call back and a member of our team will be in touch promptly.