The free valuation and free legals service utilises the online processing system introduced by LMS that allows the conveyancing element of the remortgage to be completed faster and more efficiently than current electronic processes.
Mortgage-1 is delighted to be able to offer this service to mortgage brokers, who in turn can now offer a true fee-free remortgage service to their clients with adverse credit.
Alan Waddington, director of sales and operations at Mortgage-1, said: "We think the LMS remortgaging service stands head and shoulders above anything else available in the market and will provide our customers with a vastly superior service.
"We especially like the high level of automation involved and the quality of customer contact that is entailed within the process. The attention to customer service provided by LMS mirrors our own approach in ensuring brokers and their clients of the best service experience possible.
"By combining the free legals with our own free valuation scheme we are confident that this market leading offer will be in huge demand and we aim to have the offer in place for a long time to come.”
Dominic Toller, director of marketing and new business at LMS, said: "At LMS we are very excited about the new remortgage service we are offering to packagers. As one of the most innovative packaging companies around I am delighted that Mortgage-1 has chosen LMS as its partner to launch its free legals remortgage product. We are very much looking forward to building on this partnership over the coming months."
