Broker Conveyancing has launched a fixed-price remortgage product in partnership with ONP Solicitors, priced at £245 including VAT.
This product also provides brokers with a £70 referral fee.
The fixed price covers various fees including one ID fee, the initial telegraphic transfer fee, two bankruptcy checks, official document copies, the Land Registry final search fee, search indemnity cover, the Land Registry fee up to £30, and the legal fee.
Broker Conveyancing noted that the launch responds to an increase in remortgage activity, with instruction rising by 4% in August compared to July.
This increase was attributed to falling mortgage product pricing, which has sparked renewed interest from borrowers looking for lower rates.
Mark Tosetti, chief executive officer of Broker Conveyancing, said: “As we’ve seen in recent months, there has been a growth in activity in the remortgage space, and we fully expect this to continue through the rest of 2024 with October likely to be a high point in terms of maturing mortgages.
“This is why we are very pleased to be launching this new exclusive, fixed-price remortgage product with ONP.
“This is a significant few months for remortgage activity, and we believe brokers and their clients will benefit from this product, the fee and the transparency and quality of service we can offer through Broker Conveyancing.”
Sharon Beedham, head of partner relationships at ONP, said: “As a key strategic partner to Broker Conveyancing the launch of this product, exclusively fulfilled by our experienced and dedicated Broker Conveyancing remortgage team, further demonstrates our joint commitment to providing brokers and clients with access to a market-leading remortgage service.
“Our remortgage Case Managers’ ongoing dedication to customer satisfaction, complemented by our focus on quality, speed and ability to blend technology with a personalised approach underpins this service.”
