With regard to Goldsmith Williams claiming brokers could generate significant remortgage opportunities by advising clients to switch to fixed rate deals, solicitors are supposed to be a clever bunch, aren’t they?
Why on earth would any client on a 2.5% tracker want to remortgage to a higher rate unless they can’t sleep at night for fear of rate rises?
As for the statement that “it’s better to remortgage to a lower rate”, well done – another gold star for the law firm’s boffins.
The company would say anything to get more remortgage work but the brains behind this statement should to stick to conveyancing rather than offering financial advice – leave that to us brokers.
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