2024-12-16
At SortRefer, we offer a range of Remortgage product options for you to use via our system, suiting many different scenarios.
To help you select the right one for your client and their circumstances we have pulled together some key summaries to help you decide…
All our Remortgage options we offer on our site:
Standard Remortgage
- Offers the largest selection of suppliers.
- Has a fully flexible referral fee (up to £300).
- Gives you the ability to customise your quote with any additional work known at the time of quotation.
Fixed Price Legals (£175, £225, £275, £375, £475, £575)*
- Recently been changed from ‘Fixed Price Remortgage’ to Fixed Price Legals.
- This option is great for those more straightforward cases.
- Is a great alternative to Free Legals.
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,
- This gives your clients transparency and helps manage their cost expectations.
- Also, a great alternative to Free Legals.
Buy To Let (£350)
- A dedicated package that includes the necessary Buy To Let and Leasehold supplements.
- Another great alternative for Free Legals.
Help To Buy (£175, £225, £275, £375, £475, £575)*
- This product can be paired with a Valuation, helping give your client a bespoke Help-to-Buy service,
- This is also a 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.
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.
*Please be aware, the ‘fixed’ element refers to the legals cost only, meaning some additional disbursements will be added on top of the Fixed Price Legals cost.
If you have any further questions, please get in touch with a member of the SortRefer team, who will be happy to help!
Telephone: 03334564567
Email: enquiries@sortrefer.co.uk
