Online conveyancing portal SortRefer has reported conveyancing instructions to its panel increasing by 65% in January 2018 over the same month in 2017.
The last six months up to January 2018 also saw remortgage conveyancing increase by 57% over the same period the year before. This reflects the increasing popularity of remortgage business in response to upward pressure on interest rates and the decreasing number of cheap fixed rate deals.
January 2018 also saw the highest number of new users of the SortRefer portal in a single month.
Kevin Tunnicliffe, founder and chief executive of SortRefer, said: “We are delighted by the increase in new business, which is a testament to the quality of the service we offer through our portal and that of our conveyancer panel, members of which have proved to be outstanding examples of best practice and service to our introducers’ customers.
“What I am particularly pleased about is the record number of new users who have been attracted to the SortRefer proposition in January.
“We have spent a lot of time and effort in restructuring our external and internal sales and customer service departments and January’s new user tally is a direct result of the new system bedding in and showcases the talented individuals we have working tirelessly to make SortRefer the best conveyancing platform in the market.”