Direct conveyancing firm Goldsmith Williams has reported an increase of nearly a third in the number of remortgage instructions being submitted by intermediaries since mid January.

The rise has caused Eddie Goldsmith , senior partner at Goldsmith Williams, to be optimistic about the market although believes it is too soon to say that a recent upturn in remortgage applications is a clear signal that the worst of the market slump is over.

He added: “I do believe that there are good reasons to be optimistic. Goldsmith Williams has a telephone based account management team which makes contact with several hundred brokers every week and they are reporting a definite shift in broker attitudes and optimism about the state of the market.