“At the same time, we’ve seen more brokers using the platform, and that’s not by chance. In periods like this, they need confidence not just in securing a rate, but in the whole legal process that follows. Getting the conveyancing right is critical if you want that case to complete on time.”
Singh noted that conveyancing was no longer being left until later, with brokers choosing legal services at the same time as the mortgage recommendation because they knew delays at that point could jeopardise a client’s position.
“The continued demand for our all-inclusive remortgage options, particularly in the fact it is widely being chosen over ‘free legals’, also reflects that need for certainty,” he added. “Clients want to know exactly what they are paying, and brokers want to avoid any surprises that could slow things down.
“Looking ahead, it’s possible that some of this activity would have otherwise taken place later in the year, so we may see a more uneven pattern in the months ahead. However, what remains constant is the need for a conveyancing process that can keep up with how quickly the mortgage market now moves.”
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