Easier2Move unveils ‘best buy’ remortgage offer

Easier2Move is offering a ‘best buy’ remortgage conveyancing offer to any mortgage advisers introducing remortgages between 8 September and 26 September.

This best-buy offer gives introducers a remortgage conveyancing price of £290, which is fully inclusive of solicitor costs, VAT and disbursements on a standard remortgage. Included within this price is a referral fee of £100 plus VAT for introducers.

Robin Marcus, director at Easier2Move said: “Mortgage advisers are facing a difficult time in the market at the moment, and so we are delighted to be able to help them by offering this market leading product which is not available direct to the public.

“With a competitive referral fee, advisers using this service will benefit from extra revenue themselves as well as being able to offer a market leading rate to their customers. In addition, the fact that all of the costs are inclusive of the £290 price, means that advisers can also be sure that there will not be any hidden costs further down the line.”

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eConveyancer gets exclusive supply deal with Virtual Net

eConveyancer has been appointed by Virtual Net to supply Conveyancing services to its 100 members on an exclusive basis.

Virtual Net is an online network established in 2003 which has nearly 100 members.

Vanessa Blount, sales and marketing director at eConveyancer, said: “We’re delighted to be making eConveyancer available to Virtual Net members, our on-line proposition closely matches the ethos of Virtual Net and we know that the system is easy to use, it will ensure that in today’s market advisors have maximum opportunity to earn as much income as possible from each mortgage client.”

Andrew Bedford, sales and marketing director at Virtual Net, said: “The eConveyancer system is a complimentary enhancement to the range of services already available to members via our network. Most clients do not have a solicitor in mind and the eConveyancer system will enable them a solicitor to be appointed quickly, easily and more cheaply than they could do themselves.”

CAL sees increase in submissions and users

Conveyancing Alliance Ltd (CAL), the online conveyancing distributor, has seen a 26% increase in instructions from intermediaries coupled with a widening of its overall distribution through a 36% increase in users of its system.

Following a management buy-out in January 2008, the new management team at CAL has undertaken a number of improvements and service upgrades.

Harpal Singh, managing director of CAL, said: “The increases we have seen in both new business submission and CAL user numbers is a direct result of the improved efficiencies and real focus on service improvements the management team have put in place. In the last six months we removed five solicitors from our panel due to inconsistent service and our remaining 15 solicitors all comply with CAL’s prescribed service template. We have sought to work with partners who value CAL intermediaries and the increasing numbers who are using CAL shows that our offering and service is valued greatly.

“Brokers are increasingly realising the importance of keeping control of the mortgage transaction cycle coupled with the necessity of working with a conveyancing distributor that delivers in terms of online technology and service. Now, more than ever, brokers also want to boost their income and they have clearly seen the benefits in using the CAL system. We are now able to pay brokers weekly after completion by BACS payment meaning the funds are with them in as short a time frame as possible. CAL will continue to work with our solicitor panel partners and our end users to ensure they have access to the best online conveyancer platform available.”

Mortgage Intelligence launches in-house legal service

Mortgage Intelligence has unveiled a new in-house legal service with Goldsmith Williams.

Mortgage Intelligence members will now have exclusive access to conveyancing support via Goldsmith Williams adviser, Jane Hodges who will be based at Mortgage Intelligence Head Office.

Acting specifically on behalf of the client, Hodges will track brokers’ cases from offer through to completion, which should mean faster overall service for Mortgage Intelligence members. Additionally Hodges will assist and register members using leading online case management system GWLive.

Sally Laker, Managing Director, Mortgage Intelligence, said: “At Mortgage Intelligence we pride ourselves on our ability to provide an extensive range of first class support for our members. We are continually looking at how best we can improve businesses processes and simplify the process of members adding to the services they offer their clients.

“At a time when the market is increasingly challenging, it is essential that brokers make the most of the additional income opportunities available to them. With our new dedicated in-house Goldsmith Williams support our members can be certain that with just one phone call their queries and cases will be handled expertly and efficiently with a real person on the end of the line! We believe that the added value this service offers will help our members take full advantage of conveyancing income potential.”

Eddie Goldsmith, senior partner, Goldsmith Williams said: “We are really pleased to be working with Mortgage Intelligence on this exciting new proposition. Mortgage Intelligence is a very strong and well-known brand, trusted by its members and the industry. By offering this in-house facility in association with ourselves they are bringing the concept of a one stop shop nearer to reality – not only providing their introducers with extra support but also the prospect of extra income through the provision of legal services through just one telephone call.”

LMS unveils remortgaging deal

LMS is offering a low cost remortgage package to introducers, including a £100 referral fee in the price.

If a broker’s client is looking to remortgage their property, the broker needs simply to pass the contact details on to LMS, who will contact the client to talk through its “low cost” conveyancing offering.

For every client that subsequently uses LMS conveyancing services, LMS will pay the broker a fixed fee of £100 per instruction.

Conveyancing fees for a standard remortgage up to £200,000 will cost the client £319 (including VAT and disbursements) and the price includes the £100 fee back to the broker.

Dominic Toller, director of marketing and new business, LMS, said: “This great price reflects the strong remortgage market at the moment. In the current market, income from cross sales is essential for every broker. At LMS we have made the whole process straightforward for both broker and client.”

eConveyancer adds cashback offer

Online conveyancing service eConveyancer has added an additional service.

From 14 July introducers will be able to use eConveyancer when they have recommend a remortgage cashback product to their clients knowing that the cashback provided by the lender will not only cover the legal fees but will allow them also to earn a referral fee.

For example on a cashback deal of £250.00 the fee earned by the introducer will be £60; on a £300 cashback the fee is £100.

Introducers need to ensure they maximise revenue streams eConveyancers new initiative enables them to do this at no cost to the client PLUS they will be able to choose from a select panel of solicitors who they would like to instruct thereby retaining control and have the normal benefits from eConveyancer of case tracking and using the notes facility to communicate 24/7 with the solicitor firms.

Vanessa Blount, sales and marketing director at eConveyancer, said: “It is a great opportunity for mortgage intermediaries who will be able to earn additional income at no cost to the client. With many cashback deals available to the client this brings greater choice, flexibility and control to the introducer.”

CAL moves to weekly commission payment

Conveyancing Alliance Ltd (CAL), the online conveyancing distributor, has today (8th July 2008) announced its move to a system where brokers are paid their commission the week after completion.

The CAL system is now structured to deliver a weekly payment run which means that for cases which complete in any one week, the broker will receive payment the very next week. All payments are delivered by BACS into the broker’s account meaning the money is with them in as short a time frame as possible.

CAL has been trialling this system for the last six weeks and is now able to deliver weekly payment after completion to all broker users of its portal.

Harpal Singh, Managing Director of CAL, commented: “CAL’s move to a weekly payment of commission to brokers follows a review of our process and the feedback we received from our portal users. We know that brokers want their commission payments in their account as soon as the conveyancing process completes and therefore we have updated our payment systems. We are so confident in our integration that we will pay the broker in advance of receiving the fee from the solicitor, so we do not have to wait a number of weeks for the solicitor to pay us and then forward that payment on. Our system is fully automated and never misses a completion; it is able to produce the invoices immediately meaning the broker will find the money in their account the following week. CAL continues to work on developing its process to ensure added benefits to the broker community and from feedback received already by users, this is proving to be a popular addition to our overall proposition.”

For more information on CAL, visit: www.movewithcal.co.uk