Conveyancing portal seeing major BTL activity

Published on

SortRefer, the conveyancing online portal, has seen a recent surge in requests for its buy-to-let remortgage conveyancing product, as general conveyancing transactions increase.

In the three-month period from November 2015-Jan 2016, conveyancing transactions have increased 40% overall with purchase business up 51% when compared to the same period in the previous year.

At the same time, remortgage transactions increased 73% over the same three month period.

The company, which is in the process of looking to relocate to larger premises near its current Derby base, argues 2016 is gearing up to be a strong one for intermediaries.

Kevin Tunnicliffe, managing director of SortRefer said: “2016 has started in the same way as the old year finished – fast and furious. With the upcoming hike in stamp duty on buy-to-let and second homes, brokers and their clients have been quick off the mark. But the volume of remortgage business has also been a revelation as evidenced by the number of broker requests being taken by our conveyancer panel.

“With our service proposition expanding and a move to new premises on the horizon, we are looking forward to a great year.  The need for professional advice in all areas means that intermediaries are going to be more in demand than ever and we are here to support their conveyancing needs.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Skipton loses former Connells chief’s discrimination case

Skipton Group Holdings and Connells have lost an employment tribunal case brought by former...

IMLA supports flexible mortgage rules but says housing supply remains key

Mortgage lenders have backed proposals to give first-time buyers and other underserved borrowers greater...

Mortgage borrowing jumps to £7.7bn

Net mortgage borrowing more than doubled to £7.7bn in June, up from £3.3bn in...

AMI says mortgage rule reforms must keep advice at their core

Proposals to give lenders greater flexibility must be supported by mortgage advice if they...

Stamp duty deters half of over-65s from moving

Half of over-65s see stamp duty as a barrier to moving home, despite 58%...

Latest publication

Other news

Skipton loses former Connells chief’s discrimination case

Skipton Group Holdings and Connells have lost an employment tribunal case brought by former...

IMLA supports flexible mortgage rules but says housing supply remains key

Mortgage lenders have backed proposals to give first-time buyers and other underserved borrowers greater...

Mortgage borrowing jumps to £7.7bn

Net mortgage borrowing more than doubled to £7.7bn in June, up from £3.3bn in...