Compliance risk from free legals: OpenConvey

Published on

By admin

Conveyancing firm OpenConvey has sounded a warning over so-called ‘free legals’ propositions.

Jonathan Hall said the free legals facility offered by lenders on mortgage deals is “fraught with potential compliance danger for the intermediary”” who recommends a free legal package for a remortgage.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Technology

TPFG buys 25% stake in property and mortgage AI business Enteka

The Property Franchise Group (TPFG) has taken a 25% stake in Enteka AI as...
News

Property professionals back homebuying reforms, CSS poll finds

More than three-quarters of property professionals believe proposed changes to the homebuying and selling...
Buy-to-let

Accord cuts buy-to-let rates by up to 0.43%

Accord Mortgages is reducing selected buy-to-let rates by up to 0.43 percentage points, with...
Technology

Mortgage Brain embeds LMS conveyancing service into CRM Brain

Mortgage Brain has integrated the LMS Select conveyancing platform directly into CRM Brain, allowing...
House prices

House prices stall as mortgage costs and Budget uncertainty weigh on market

UK house prices were unchanged in September as higher mortgage rates and wider economic...

Latest publication

Other news

Technology

TPFG buys 25% stake in property and mortgage AI business Enteka

The Property Franchise Group (TPFG) has taken a 25% stake in Enteka AI as...
News

Property professionals back homebuying reforms, CSS poll finds

More than three-quarters of property professionals believe proposed changes to the homebuying and selling...
Buy-to-let

Accord cuts buy-to-let rates by up to 0.43%

Accord Mortgages is reducing selected buy-to-let rates by up to 0.43 percentage points, with...