It aims to make the legal process for remortgaging freehold and leasehold properties more affordable
Real estate law firm RG Law has unveiled its latest offering – the ‘All Inclusive’ Rapid Pack designed for both freehold and leasehold properties, aimed at helping reduce the cost of remortgaging for homeowners.
Both the freehold and leasehold remortgage packs include the necessary legal documentation including the title deed, bankruptcy search fees, land registry fee, ID checks, bank transfer fees, search indemnity fee, and an AP1 fee. The leasehold pack only includes an additional fee to obtain the relevant management pack.
Recognising the urgency for some clients, RG Law’s specialised remortgage team has committed to completing a freehold remortgage within seven to 14 days. For leasehold transactions, the timeframe extends to three to four weeks, contingent on the responsiveness of the management company.
“Last year was challenging for both prospective and existing mortgage borrowers, facing affordability issues resulting from rising interest rates and inflation,” commented Tina Khanna, conveyancing director at RG Law. “Unrelenting house price rises have compounded borrowing issues, resulting in a squeeze on house purchases.
“We have developed the new Rapid Remortgage Package to make the legal process for remortgaging freehold and leasehold properties more affordable. Our aim is to make the remortgage process as simple as possible and offering our services for a competitive ‘all inclusive’ rate will help reassure our customers that this package covers all the legal work involved.”
RG Law is a partner to over 120 estate agents nationwide, providing residential conveyancing services to more than 2,340 clients annually.
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