TCS
lms TrackMyCase

Our interactive online case tracking service which provides you with: Key milestone updates; the ability to view key documents immediately and contact your case handler at the click of a button.

Remortgages

Whether you are simply remortgaging to raise additional funds or amending the names of the owners registered against the title to your home as a result of a divorce, or separation, your casehandler is dedicated to ensuring that the process is swift, efficient and as stress free as possible.

During your transaction we will:

  • Explain the process to you as clearly as possible
  • Answer any queries which you may have
  • Provide you with regular updates by phone and in writing
  • Follow your instructions and provide you with realistic timescales
  • Complete your transaction whilst acting in accordance with legal requirements and those of your mortgage lender

We will deal with any obstacles as efficiently as possible, to ensure that your needs and expectations are met.

You can even track your case online

What is TrackMyCase?

Your case handler will provide you with regular updates but you can also track the progress of your case online using the link below.

This will give you access to key milestone updates and frequently asked questions. You will need a PIN to use this service which you can obtain by calling Legal Marketing Services (LMS) on 0345 075 7364.

Launch App

REMORTGAGE STAGES

Scroll down to learn more...

1

Step 1

We are instructed by your lender to carry out the work on your Remortgage. We will then Check the Title to your property and send out your initial paperwork.

2

Step 2

When we have received your initial documents, we then report to you on your mortgage offer.

3

Step 3

Your file will then be reviewed and set up for completion.

4

Step 4

Once everything is in place, will then draw down your mortgage advance (if applicable) and complete your remortgage.

Making Amendments

What if you want to add someone on to the title or, remove an ex-partner, as well as carrying out a remortgage?

If the names on the Title do not match the names on the new Mortgage Offer or Consent to Transfer letter we may be required to transfer the ownership of the property. This process is known as a Transfer of Equity. The outline below shows the various stages of a Transfer of Equity.

A Transfer of Equity is a longer and more complicated process than a straight forward remortgage. Our professional legal fee will be applicable if we are required to carry out a transfer of equity on your behalf. However, T.C.S. will progress the transfer of ownership as quickly as possible and keep you informed at all times.

A Transfer of Equity is not required to remove a deceased person’s name from the property Title if the share of the property is being transferred to a person who is already identified on the Title and is entitled to receive the share. In this type of transaction we must send a copy of the Death Certificate to Land Registry; Land Registry will then remove the deceased’s name from the Title. If you require us to undertake this work on your behalf our professional legal fee to verify the owner of the property will apply.

Will Stamp Duty apply to the Transfer of Equity?

If you are adding or removing a person to or from the property, HMRC will require a Stamp Duty Land Tax form if the consideration for the share is more that £40,000.

We are happy to calculate your consideration and complete and lodge this form on your behalf for a professional legal fee.

If the consideration for the share in the property is more than £125,000 HMRC will require you to pay Stamp Duty Land Tax.

We will contact you immediately if your transaction requires Stamp Duty Land Tax.

For further information regarding Stamp Duty Land Tax, please visit the link below.

Please be aware that if the transfer has arisen as a result of matrimonial separation you will not be required to complete a Stamp Duty Land Tax form or pay Stamp Duty Land Tax.

Further Reading

TRANSFER STAGES

Scroll down to learn more...

1

Step 1

We are instructed by your lender to carry out the work on your transaction. We will then Check the Title to your property and send out your initial paperwork.

2

Step 2

When we have received your initial documents, we then report to you on your mortgage offer and prepare your transfer documentation.

3

Step 3

Your file will then be reviewed and set up for completion.

4

Step 4

Once everything is in place, will then draw down your mortgage advance (if applicable) and complete your Transfer of Equity.

Fraud Prevention

To verify your identity and prevent financial crime TCS may use and share your information with any company within the LMS Group, with companies who work for us and with other appropriate organisations.

We may also search, send your details to, and use information from third party verification service providers and financial crime and credit reference agencies (‘Third Parties’). This involves checking your details against databases these Third Parties use. TCS and these Third Parties may keep a record of the search, the results of the search, any suspicions of financial crime and the details maybe used to assist other companies for verification and identification purposes. The search is not a credit check and your credit rating should be unaffected.

By accepting/signing our Terms & Conditions, Terms of Use, Privacy Policy and Borrower’s Questionnaire you are giving consent to these activities which will make it easier for you to do business with us and help prevent financial crime.

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