At SortRefer, we’re always looking for ways to improve our services and provide greater transparency and value for you and your clients.
In December, we introduced some important updates to our Remortgage products, including renaming our Fixed Price Remortgage to Fixed Price Legals, updating pricing, and simplifying referral fees.
These changes have been well received, making choosing the right Remortgage product for your clients easier.
Here’s a recap of what’s changed, plus a full guide to all the Remortgage options available on our system...
Key changes to our Remortgage packages
- Fixed Price Remortgage Renamed to Fixed Price Legals: To better reflect its structure, Fixed Price Remortgage is now called Fixed Price Legals. The package price covers the Fixed Price Legal fee, Electronic ID, and VAT, with additional disbursements listed separately for full transparency.
- Updated Packages & Pricing: We introduced a revised pricing structure, with Fixed Price Legals packages now available at £175, £225, £275, £375, £475, and £575.
- Simplified Referral Fees: We moved to a flat-rate referral fee system, making earnings more clearer. Referral fees now range from £40 to £280 depending on the package chosen. Clearer fee breakdowns ensure clients understand the total cost upfront, thus, simplifying the Remortgage process.
All our Remortgage options we offer on our site:
Standard Remortgage
- Largest selection of suppliers
- Fully flexible referral fee (up to £300)
- Customisable quotes with additional work options
Fixed Price Legals (£175, £225, £275, £375, £475, £575)
- Changed from ‘Fixed Price Remortgage’ to Fixed Price Legals
- Great for more straightforward cases
- A great alternative to Free Legals
- Additional disbursements clearly listed
Flexible Remortgage (£265, £315, £365, £415, £465, £515)
- Cost-effective base price packages with the ability to add additional work and costs to the overall price
- Helps clients manage their cost expectations
- A great alternative to Free Legals
Buy To Let (£350)
- Designed for Buy To Let and Leasehold cases
- Includes necessary Buy To Let and Leasehold supplements
- Another great alternative for Free Legals
Help To Buy (£175, £225, £275, £375, £475, £575)
- Ideal for Help To Buy Redemptions
- Can be paired with a Valuation
- Another great alternative for Free Legals
Please note, any additional work required on top (outside of the Help to Buy Redemption/Deed of Postponement) will incur an additional cost, which won’t be shown on the bottom line of the quote.
Please also be aware, the ‘fixed’ element refers to the legal cost only, meaning some additional disbursements will be added on top of the Fixed Price Legal cost.
Additional work and extra costs
We know that each Conveyancing case can be different from the next, which means cases will unavoidably incur extra work and therefore, additional costs to pay for the added time and effort required to carry out the case.
Here are some examples of additional work/costs (please note this list is not exhaustive):
- Unregistered Title
- Satisfying Special Conditions in a Mortgage Offer
- Dealing with a rent charge
- Dealing with an Indemnity policy
- Dealing with 3rd Party Lawyers
- Repayment of Secured charges
- Solar Panel Lease Approval
- TT Fee for Payment of Excess Funds
Which Remortgage option? A side-by-side comparison
> To help you decide which Remortgage option is best suited for you and your clients, please look at our ‘Remortgage Options’ leaflet, which contains a comparison chart.
> For the full product details of our Remortgage options, please refer to our product leaflets that can be found in your Broker Toolkit within your SortRefer dashboard.
If you have any further questions, please get in touch with a member of the SortRefer team, who will be happy to help!
Telephone: 0333 456 4567
Email: enquiries@sortrefer.co.uk