Buy-to-let lender, Fleet Mortgages, is removing its restricted limited company conveyancer panel, widening the number of law firms advisers and their landlord clients can use for limited company applications.
Advisers will now be able to select any firm from its wider conveyancer panel - which includes approximately 1,200 approved firms. This compares to the 17 or so firms previously available under the restricted limited company panel.
Fleet said the change will ensure advisers and their landlord clients benefit from greater choice, increased flexibility, and added convenience throughout the mortgage process.
This change follows the enhancements Fleet made earlier in the year to its lending criteria and policies for limited company borrowers, allowing the lender to support more layered ownership models and corporate configurations.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, commented: “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.”
