Getting a new mortgage (remortgaging)
Leaseholders do not need to notify Soha when they are remortgaging, but shared owners do.
Your solicitor will need to send us your revised mortgage documents for approval. We will check to ensure the mortgage is compatible with shared ownership and that all the details are correct. Assuming all is okay, we will authorise the transaction for you. There is a fee of £60 to pay for this service.
Please note that a new mortgage cannot be registered with the Land Registry without our signature. Should Soha not approve a mortgage in advance, a fee of £120 will be payable to reflect admin fees and legal advice.
For further information please contact:
Home Ownership team on 0800 014 15 45 or homeownership@soha.co.uk