Fee free legals

The deal, which is available when brokers instruct Goldsmith Williams rather than use a lender’s fee free scheme, includes the following benefits:

• Broker fees tripled to £75 – when a lender’s cashback alternative is £250
• £50 broker fee payable - even if the lender cashback is only £200
• 7 day completion guarantee – from the date of the mortgage offer
• Clients’ interests are fully represented – whereas lender schemes provide no legal representation for clients
• Broker retains control – lender schemes cut brokers out of the deal

Eddie Goldsmith, senior partner at Goldsmith Williams, said: “Not only have we tripled our fees on fee free legal deals, but we’re offering an alternative to lender fee free schemes which ensures brokers remain fully in control.

“Intermediaries need to be aware that lender fee free deals come with a sting in the tail: not only are brokers usually excluded from the transaction by lenders, but clients end-up with no legal representation. Opting for Goldsmith Williams guarantees that brokers remain in control, pays them an attractive fee, costs clients nothing and ensures they get legal representation.”