Lender Panel Removal
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LMS Lender Panel Removal
I have been receiving an influx of calls and emails from conveyancing firms recently regarding urgent communications from LMS. I expect much of the same from Lender Exchange in the months ahead. Conveyancing firms, regardless of whether they are CQS accredited, are being warned of potential removal from lender panels, a move that can have…
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The Pandemic Induced Panel Cull
Research indicates the UK property market may face a significant value decline and increased repossessions due to a COVID-19 recession. Conveyancing firms could suffer, facing scrutiny from lenders focused on offsetting losses. Proactive lender compliance audits are suggested as a means to mitigate risks and ensure firm resilience in challenging times.