Re-mortgaging

Madden Law – The re-mortgaging specialist

Why choose Madden Law when switching mortgage?

We have over ten years experience in property law. We provide transparent costs.  We offer a range of flexible appointment options. We offer video consultations to discuss your  mortgage documents. These can be booked online at a time that suits you.  There is ample free parking outside our office at the Bryanstown Centre, Drogheda.

How long does the legal process take to switch mortgage?

It usually takes  6 weeks from the date the new loan offer is received from your new lender and the title deeds are received from your old lender. 

What is the role of a solicitor in the mortgage switching process?

Firstly, the solicitor will get your title deeds from your current bank. These will have to be reviewed to ensure that good marketable title can be given to the new bank . In order to get your deeds, your solicitor will have to obtain the written authority of the borrowers.

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the authority to get your deeds from the bank

probate Solicitor Drogheda

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Fill out this form

wills solicitor drogheda

What's first?

The borrowers will give the details of their solicitor to their new bank. The new bank will send the loan offer and legal pack to the solicitor. The solicitor will review the loan offer to ensure that the borrowers can comply with all of the special conditions in it. 

Then, what happens?

The borrowers will sign the loan offer and legal documents with their solicitor. The solicitor will send these to the new bank and arrange to drawdown the new mortgage. When the funds are received , the solicitor will redeem the old mortgage. 

What's next?

The solicitor will ensure that the old mortgage is removed from the title of the property. The solicitor will then apply to the Land Registry to register the new mortgage on the title of the house. When this is completed the solicitor will send all of the title deeds to the new bank. 

What our clients say about us

  • Shona has been absolutely unbelievable support for us throughout out move. I really can’t recommend her enough.

    Recent client
  • Madden Law’s help was fantastic while we bought our first home. Always there to answer questions quickly. Shona was such a support all the way through the process. We would recommend her service to anyone looking to buy.

    Client January 2019
  • Shona goes over and above, extremely efficient, friendly, informative and excellent communication throughout the buying/selling process. A calming influence during a very stressful time.

    Client December 2018
If you would like Madden Law to act for your re-mortgage

Frequently asked questions. 

How long does it take to switch mortgage?

It usually takes 4 weeks from the date your loan offer and title deeds arrive. 

What do I need to do to start?

Sign the authority from your solicitor, to get your title deeds from your current bank. 

If the house is registered in my sole name, but the new loan is in joint names, what do I do?

This is very common. Often a house was bought  while a person was single and then after getting married, the house is remortgaged. An application is made to the Property Registration Authority to transfer the ownership into joint names. If the loan is issued in joint names, the bank will usually require the ownership of the secured property to be registered in the joint names of both borrowers. 

I take the stress out of the legal process. I provide all necessary forms and information at the start of the re-mortgage, to ensure it runs smoothly for you. 

Shona Madden
Solicitor

The legal process of switching mortgage

probate Solicitor Drogheda

Deeds

Download authority to take up your deeds from your current lender (below) and send it to us. 

conveyancing costs

New loan offer

The new loan offer and pack will be sent from your new lender to our office. We will contact you when it arrives You will then sign the legal documents with a solicitor in our office. 

enduring power of attorney

Drawdown

We will drawdown your new mortgage and pay off your old one straight away. A full statement will be provided to you. 

wills solicitor drogheda

After drawdown

We will change the registered lender in the Property Registration Authority, When this is completed, your title deeds will be sent to your new lender. 

Solicitor Drogheda for making a will
Shona Madden
I have put together all of the documents you need to get your mortgage switched quickly. Submit the form below to get a fixed cost quotation for switching your mortgage.
Get a full breakdown of the legal costs involved in re-mortgaging a property with Madden Law.

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