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Remortgage and purchase activity improves

Conveyancing Alliance Ltd, the online conveyancing distributor, has today revealed a significant improvement in both its quarterly and half-yearly levels of purchase and remortgage instructions.

Figures for the first half of 2011 compare favourably with the same period twelve months ago with a 66% increase in purchase and a 33% increase in remortgage instructions.

The second quarter of 2011 also shows a substantial improvement on the previous quarter with a 40% increase in purchase and a 13% increase in remortgage instructions.  This is the third consecutive quarter that Conveyancing Alliance has seen an increase in remortgage activity.

While remortgage activity has improved throughout the first half of the year, Conveyancing Alliance believe this is unlikely to improve as dramatically again in the second half of 2011. 

It suggests that many more borrowers anticipated ongoing Base Rate rises at the start of the year which resulted in increased remortgage activity; with less likelihood of further rate rises in 2011 it now believes more borrowers will continue to stay put rather than look to remortgage.

Purchase activity continued to provide the bulk of business levels in the first six months of 2011 however not in the same dominance as the same period in 2010. 

Conveyancing Alliance has seen strong levels of business from its ‘Broker Best Buy’ Convey99 purchase product which it launched earlier in the year and is specifically aimed at the broker market.



“It has been a particularly satisfying start to the year in terms of both purchase and remortgage instructions. 

"We can clearly see a pattern emerging of increased activity in the remortgage market over the past three quarters however we may well find that this improvement is not sustained at double-digit levels given that many more borrowers will now feel an increase in Bank Base Rate is less likely. 

"Certainly, purchases remain the core of our business and we have seen ongoing increases in business levels here for some time – anecdotally at least we are hearing from our estate agent customers that buy-to-let business is on the rise and this chimes well with recent pronouncements by the CML.

Are Online Conveyancing Services Trustworthy? | Alice B Toe Clips

Are Online Conveyancing Services Trustworthy?

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It is a common misconception that all of these online conveyancing services are new companies that have sprung up over the past few years. This is true in some cases but the reality is that there are many well-established and reputable conveyancing specialists that have developed an online conveyancing brand in order to compete in the modern marketplace. If you want the comfort of a long established, well-respected conveyancing lawyer together with the convenience of a modern approach to the conveyancing process then you should be able to find this if you’re prepared to a little searching. You’ll find the name of the firm behind the brand somewhere on the website. Can I Visit The Offices Of An Online Conveyancing Provider? Online conveyancing firms had put in place systems that mean it’s very rare for you to ever have to visit their offices in person, however, if your transaction requires work relating to boundary disputes or a very complex lease arrangement then it may be worth appointing a local solicitor so that they can visit the property in question. With 99% of conveyancing transactions these issues will not play a factor and as such there is no reason for you not to take advantage of the cheap conveyancing costs available by instructing a solicitor online that may be 100′s of miles away.

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