Solent Mortgage Services has appointed Goldsmith Williams as the companys preferred conveyancing partner.
By working closely with Goldsmith Williams and taking advantage of its 10-day completion guarantee on remortgages, SMS says it can now offer a significantly enhanced service to mortgage brokers.
SMS will have more control over the conveyancing side of the mortgage process through the partnership, and can monitor the legal aspects of each individual case more closely.
Most significantly for brokers, the new partnership with Goldsmith Williams will dramatically reduce the time it takes to deliver funds to clients and, therefore, fees to brokers.
The number of brokers in a position to take advantage of this additional SMS service runs into tens of thousands, as all brokers who are not already restricted by arrangements with their networks are eligible.
Duncan Alexander, head of branded lending at SMS, says: We are extremely pleased to name Goldsmith Williams as the SMS conveyancing firm of choice.
Speed, reliability and value are key elements of Goldsmith Williams high quality service, so we are confident that our brokers will benefit substantially from this partnership.
David Shortt, corporate services director at Goldsmith Williams, adds: SMS is one of the largest and most respected branded mortgage arrangers in the industry.
Goldsmith Williams is therefore absolutely delighted to be the companys preferred conveyancing firm.
The speed with which Goldsmith Williams can turn remortgages around will be hugely beneficial to the mortgage brokers working with SMS.
The impact of this partnership in terms of cash flow through the industry is potentially enormous.