The remortgage product has a fixed price of £245 including VAT and offers the introducing broker a £70 referral fee.
The pricing includes one ID fee, the first telegraphic transfer fee, two bankruptcy checks, official copies of documents, the Land Registry final search fee, search indemnity cover, the Land Registry fee up to £30 and the legal fee.
Broker Conveyancing said that its “long-standing relationship” with ONP and its “commitment to ensuring remortgage borrowers had access to their own legal representation for a low, fixed cost” was behind the launch of this product.
It added that this deal was aimed at customers who may not wish to get a fees-assisted remortgage product.
Earlier this month, Broker Conveyancing launched two products to adviser users in partnership with The Moving Portal.
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Mark Tosetti, CEO of Broker Conveyancing, said: “As we’ve seen in recent months, there has been a growth in activity in the remortgage space, and we fully expect this to continue through the rest of 2024, with October likely to be a high point in terms of maturing mortgages.
“This is why we are very pleased to be launching this new exclusive, fixed-price remortgage product with ONP. It not only comes at a low-cost but includes a raft of inclusions and benefits, not least the dedicated team of case managers at O’Neill Patient who look after Broker Conveyancing’s adviser users and their clients, guaranteeing them an excellent service and ensuring they have their own legal representation.
“Not only will brokers’ clients benefit here, but so will the introducing broker themselves via the referral fee, and it allows the broker to keep control of the relationship, and to ensure the remortgaging client has the best chance of completing in the desired timescale.
“This is a significant few months for remortgage activity, and we believe brokers and their clients will benefit from this product, the fee and the transparency and quality of service we can offer through Broker Conveyancing.”
Sharon Beedham, head of partner relationships at ONP, said: “As a key strategic partner to Broker Conveyancing, the launch of this product, exclusively fulfilled by our experienced and dedicated Broker Conveyancing remortgage team, further demonstrates our joint commitment to providing brokers and clients with access to a market-leading remortgage service.
“Our remortgage case managers’ ongoing dedication to customer satisfaction, complemented by our focus on quality, speed and ability to blend technology with a personalised approach, underpins this service.”
