News in brief – 2 September 2024

conveybuddy has launched a new conveyancing portal which enables cost savings that can be passed directly onto customers. Introducers will be provided with a bespoke quoting portal that enables them to choose the best providers for all their clients’ conveyancing needs. The range of products offered includes surveys and, an “all-inclusive remortgage” that includes all disbursements and a fixed referral fee. Referral fees are paid the week after exchange on purchases and the week after completion on remortgages.

Alternative Bridging Corporation has launched a new promotion offering to refund valuation and lender legal fees on applications received before the end of September. As part of the promotion, a refund of up to £2,000 is available to cover the combined valuation and lender legal fees on all applications received up to the close of business on 30 September, where completion takes place before the close of 31 October. The promotion is valid on all products and funds will be refunded on completion.

Paragon Bank has launched a two-year fixed-rate buy-to-let mortgage with nil fee, in addition to adding a two-year discounted variable product with a low fee. The firm’s nil fee two-year fixed rate product starts at 6.10% for the purchase or remortgage of single self-contained properties with EPC ratings of A-C. The standard option, for properties with an EPC rating of D or E, is priced at 6.15%, while houses in multiple occupation (HMOs) and multi-unit blocks (MUBs) are 6.35%.



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