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Re-mortgaging Commercial Property

Remortgaging a commercial property is similar to the remortgage of a residential home; there are times when it is unavoidable and times when it can be a lucrative option. There are many reasons for considering the remortgage of a commercial property, including:

  • Switching to another lender to take advantage of a better interest rate;
  • Decreasing or increasing the length of the mortgage, in turn, increasing or decreasing monthly repayments;
  • As a means to free up equity in your properties

The Commercial Remortgaging Process

The remortgage process is similar to the conveyancing structure involved in buying a home. The process includes:

  • A redemption figure: to be obtained from your existing lender;
  • Search indemnity policy: may be required by your new lender as insurance in situations where searches are not conducted;
  • Release of equity: taking into consideration paying the previous mortgage and fees incurred during the remortgaging process;
  • Title Information Document: the final process of officially replacing the existing lender with the new lender through the Land Registry.

Whether you want to pay off or consolidate business debts, free up equity to expand your business or simply enjoy a financial boost, Business Lawyers Direct can help you through a commercial remortgage process.

Contact Business Lawyers Direct

Call the team on and we'll be happy to discuss your requirements in greater depth.

Business Lawyers Direct is a division of A.S. Matthews Limited which is authorised and regulated by the Solicitors Regulation Authority (561754). Registered office: 136 Park Lane, Whitefield, Manchester, M45 7PX. Company No: 7643746. VAT No: 116572715. Director: Andrew H. Kormornick.
Any reference to partner in relation to a firm means a director of the Company or an employee or consultant of equivalent standing and qualification.