The mortgage lender Sesame has launched an online remortgaging support centre targeted at mortgage advisors facing a huge number of clients coming to the conclusion of fixed rate deals this winter.
It is estimated that around 3.1 million people in the UK will reach the end of fixed rate loans by the time 2022 draws to a close. The launch of this hub to help advisors cope with the expected demand for remortgaging comes in the wake of Accord calling on them to get ready for this rush well in advance.
Advisors who are members of either the Sesame Network or the PMS Mortgage Club will be able to get access to this support centre. It is set to feature useful resources and tools, including information about product transfers, tools for helping with social media and letter templates that advisors can use when getting back in touch with clients.
Sesame is expecting the business from remortgage deals and product transfers to be worth around £470 billion over the course of this year and next.
Speaking to FT Adviser, the strategic relationships director for Sesame, Stephanie Charman, stated that advisors needed to be on top of it, before adding:
“Advisors are in a unique position to help people regularly review their mortgage and protection needs, and we are fully committed to supporting them every step of the way.”
Lenders are putting the call out to advisors with a CeMAP qualification over the expected remortgaging surge, suggesting that it could be a great opportunity for business growth.
