Conveyancing Alliance Ltd has witnessed a continuing improvement in remortgage instructions.
The online conveyancing distributor has especially seen a year-on-year improvement from quarter one 2010.
Remortgage instructions were 16% higher in quarter one 2011 compared with the same period a year ago purchase instructions for quarter one 2011 have shown a considerable 57% improvement compared to those back in the first quarter of 2010.
Conveyancing Alliance puts the improvement in overall remortgage instructions partly down to increased overall activity in the remortgage market fuelled by continued speculation of a rise in Bank Base Rate sometime during the year, and also by the response it has had to its ‘Rapid Remortgage’ conveyancing product launched last year and still available to brokers now.
Purchase instructions have risen substantially over the course of the last 12 months mainly due to Conveyancing Alliance’s increased business levels through estate agents. Its’ recent ‘Convey99’ purchase conveyancing product, specifically for brokers, was launched in March and has already caused improved levels of purchase instructions.
Harpal Singh , managing director of Conveyancing Alliance Ltd, said: “It is pleasing to announce ongoing improvements to our levels of both remortgage and purchase instructions. A year is a long time in the housing and mortgage market and we can certainly see the difference in our numbers for quarter one this year compared to last.
