Lenders’ panels lie behind one of the many challenges conveyancers will have to tackle in a year that looks like it will be the most demanding in a long time. And technology is another issue that could make or break solicitor firms.
It is difficult to believe there has ever been a more challenging time for property lawyers engaged in conveyancing. The market is operating at volumes that are less than half the accepted norm, the provision of the Legal Services Act - the so-called Tesco’s Law - is now a reality and mortgage lenders are adopting various ways of more closely managing the panels of conveyancers that they will allow to act for them.
Read More - http://www.mortgagestrategy.co.uk/lendingzone/conveyancers-face-a-rocky-ride/1045255.article
