Infinity, along with its branded lender Freehold Mortgage Lending, now has an in-house Goldsmith Williams solicitor to do all legals on remortgage cases and speed up the completion process. This will allow offers to be completed in 48 hours, if clients fulfil certain criteria, rather than Goldsmith Williams’ standard of 10 days.
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While initially the option will only be for remortgages, the firms are looking to expand it to purchases in the next two to three months once the system has proved to work effectively.
Eddie Goldsmith, senior partner for Goldsmith Williams, said: “It shows lawyers, while originally on the fringes, are being brought into the heart of products and lenders can see the value of that. You end up with happier clients and intermediaries. We can’t do this without a close relationship with the lender, but there’s not reason why we can’t expand this service to more lenders. However, we want to make sure this works properly; we’re not just going to open it up to market.”
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Simon Biddle, head of marketing and communications for Infinity, commented: “Some remortgages can still take an age and there’s no reason for that. This is great news for customers and intermediaries, who will see faster completions on procuration fees. It allows us to create a one-stop shop for brokers.”
