Refinancing

Are you re-financing your property or properties?

Sometimes, your new financier will appoint a solicitor or agent to prepare the mortgage documentation and facilitate the settlement.

In this event, you may find it helpful to have some assistance from your end of the transaction and there may be several issues which will need attention by you including answering requisitions, providing necessary searches and certificates and attending final settlement to collect surplus funds.

It is also important to know that most lenders will not check figures with you before effecting settlement. This means that if your existing bank or lender mis-calculates the payout figure on your loan, you could be left having to chase a refund or worse, your settlement may be cancelled due to insufficient available funds.