The mortgage press is full of speculation that the remortgage market is about to grow. For many years now consumers have lacked the incentive to remortgage because standard variable rates have been very low and lenders have not been competing to offer better lower priced fixed rates.
This may be starting to change with Royal Bank of Scotland, Halifax, and Bank of Ireland being amongst the banks that have started to increase their standard variable rates.
It is estimated that 850,000 Halifax borrowers will face rises in their mortgage payment with their rate increasing from 3.5% to 3.99%.
So does it come as a surprise that Goldsmith Williams have launched an exclusive remortgage package for introducers?
The limited edition product is available until the end of May this year through appointed representatives of Personal Touch Financial Services.
The firm is offering legal services on remortgages at a reduced rate of £320, inclusive of VAT, which incorporates an exclusive legal administration fee of £120.
The launch of the product saves the customer £99 on Goldsmith Williams’ usual legal costs.
Dev Malle, sales and marketing director at Personal Touch, added: “This is an excellent product for our members and their clients, and will help clients looking to remortgage. The timing is perfect as we expect remortgage activity to increase on the back of a number of lenders repricing standard variable rates upwards”.
Eddie Goldsmith of Goldsmith Williams is also the Chair of the Conveyancing Association which has increased its links to lenders in recent months.
