Lender Conveyancing Panel
-
Lender Panel Membership: How Conveyancing Firms Can Manage the Risk
Lender panel membership is vital for conveyancing firms, impacting existing and new client relationships. Effective risk management involves accurate information, supervision, and compliance with lender instructions. Firms must document changes and be prepared to respond to inquiries with evidence of their practices. Accreditation alone doesn’t assure ongoing membership; compliance is crucial.
-
Leeds Building Society – Shared Ownership Mortgage Requirements
Leeds Building Society conveyancing panel should be aware that it is a standard offer requirement that Leeds Building Society receives a copy of the Housing Association consent to their mortgage BEFORE funds are released. This lender policy requirement is missed by some firms (CQS or otherwise). Firms need ensure that this is submitted before the…