Remortgages are used for various reasons, from securing a more favourable interest rate to obtaining additional funds. The timing of a remortgage is important as you may be liable to pay early repayment charges with your current mortgage provider, and you should always clarify this with your current lender before proceeding. Your legal advisor will be able to guide you through the process and will make you aware of any fees you will be liable for. Please note that in some circumstances, your Lender will not require the ‘pre-exchange’ searches, although we will need to arrange an indemnity policy to protect your lender.