Broker Conveyancing will not pass on HM Land Registry information services fee increase to brokers’ clients who take out either its cashback or fixed-price remortgage product.

From 9 December, HM Land Registry will increase its information services fees by £4, from £3 to £7.

The increase, announced in September, comes with the exception of land charges applications submitted on paper, these will increase by £6 for searches and £5 for official copies and inspections.

Broker Conveyancing says that on average, fee increases would add more than £15 of extra costs to each individual remortgage case.

It says the move aims to “shield clients from rising costs” and “safeguards the individual conveyancing firms providing these services”.

Broker Conveyancing chief executive officer Mark Tosetti says: “These Land Registry fee increases may appear modest at first glance, but with hikes exceeding 100%, and some changes reaching up to 400%, the impact is far from insignificant.”

“While HM Land Registry states this is due to rising running costs, they must be paid by someone.”

“At Broker Conveyancing, we’ve decided to absorb these increases for our most popular remortgage products, including Cashback and Fixed-Price options. We believe neither brokers nor their clients should face reduced referral fees or added costs.”