Are you looking for a quick remortgage? Choose the right carrier!
Peter Joseph, Managing Director of The Moving Hub
Over the past year and a half, several initiatives have been put in place to keep the real estate market moving. From the property tax exemption on stamp duty to the return of high value mortgages, the market has been busy.
However, these efforts to entice buyers have caused an imbalance between supply and demand. This is expected to last until the end of the year, with house prices rising in response. While this means that buyers and sellers have slowed the pace, remortgage transactions are growing in popularity.
Why do clients choose to remortgage?
Amid the pandemic, many movers were motivated by the potential to make lifestyle changes. But with the real estate shortage now a reality, many homeowners are pursuing alternative ideas.
According to new research, the right remortgage deal can save the average homeowner almost £ 300 per month. This could be invaluable to your clients who are considering all of their options.
The savings from re-mortgage at a better rate can be used for home improvements, to achieve lifestyle changes similar to what moving properties can produce.
A remortgage can be completed, quickly!
In August, The Moving Hub’s panel ownership transfer companies were able to complete remortgage transactions in just 14 business days. Since the process is considerably faster than other property transfer issues, re-mortgages can provide quick solutions to your clients.
Making sure they shop around, and don’t just consider a transfer with their existing lender, can be exceptionally beneficial. Better loan terms can also be obtained as well as financial improvements.
The key to ensuring rapid completion:
Preparing your clients for their remortgage can make all the difference. It is also essential to ensure that your reference partner in the transfer of ownership has the necessary tools.
Choose a partner who uses technology to move transactions forward and achieve faster completions. Make sure the conveyor network maintains close communication with the companies in its panel.
This will be of great help to your clients who are looking for updates on their cases. If the carriers themselves are busy, a network that has its own customer support team can also reassure and guide your customers.