Broker Conveyancing will absorb the upcoming increase in HM Land Registry fees for clients using its Cashback or Fixed-Price Remortgage products.
The fee increase, effective from 9th December, will add £4 to various services, including an increase in the cost of inspecting registers and official copies from £3 to £7.
Broker Conveyancing calculated that these fee hikes would, on average, add more than £15 in costs per remortgage case.
By absorbing these fees, the distributor aims to protect brokers and clients from rising costs while providing quality conveyancing services.
Mark Tosetti, chief executive officer of Broker Conveyancing, said: “These Land Registry fee increases may appear modest at first glance, but with hikes exceeding 100%, and some changes reaching up to 400%, the impact is far from insignificant.
“While HM Land Registry states this is due to rising running costs, they must be paid by someone.
“At Broker Conveyancing, we’ve decided to absorb these increases for our most popular remortgage products, including Cashback and Fixed-Price options.
Tosetti added: “We believe neither brokers nor their clients should face reduced referral fees or added costs.
“This commitment ensures clients retain access to top-tier conveyancing services, while brokers maintain business continuity and protect their income streams, without compromising the remortgage experience.”
