Fleet Mortgages has scrapped its restricted conveyancing panel for limited company buy-to-let applications, giving advisers and their clients access to a far wider choice of law firms.
Brokers can now select from around 1,200 approved firms on the lender’s conveyancer panel, compared with the 17 or so firms previously available under the limited company panel.
The buy-to-let specialist said the move reflects its commitment to acting on broker feedback and offering more flexibility and convenience in the mortgage process.
The change follows a series of enhancements introduced earlier this year to Fleet’s criteria for limited company borrowers, including the ability to accommodate more complex ownership structures and corporate configurations.
Steve Cox, chief commercial officer at Fleet Mortgages, said: “We want to make sure advisers feel supported and they and their clients have the flexibility they need when choosing a conveyancer.
“This change is a direct response to the feedback we have received on what works best for limited company buy-to-let in today’s marketplace and means that, from today, advisers will be able to choose from around 1,200 approved firms on Lender Exchange rather than our previous restricted panel.
“We believe this demonstrates our commitment to listening and acting on feedback, while delivering more choice and convenience for both advisers and their landlord clients.”
Details of the expanded solicitor panel are available on Fleet’s website.
