Rate rises offer brokers remortgage opportunity

Mortgage brokers have significant remortgage opportunities by advising clients to switch to a fixed rate deal, says direct conveyancers, Goldsmith Williams.

Eddie Goldsmith, senior partner at Goldsmith Williams, says the lack of demand is being driven by low rates and tighter lending criteria, both of which are acting as disincentives for borrowers to remortgage.

He adds: “But now is the time for many borrowers who are enjoying low variable rate deals to consider locking into fixed rates, to offset what could be a significant payment shock when rates do rise, as they inevitably will do at some point.

Goldsmith Williams is keen to help brokers capitalise on these opportunities, which is why we have agreed to continue our popular fee free conveyancing deal throughout 2010. This deal enables clients to keep remortgaging costs to a minimum and rewards brokers for their efforts.”

The deal is available when brokers instruct Goldsmith Williams rather than use a lender’s fee free scheme