Legal & General Mortgage Club has launched a conveyancing service, allowing advisers to tap additional revenue streams it was announced today.
A key concern for Legal & General when assembling its panel was to ensure firms could manage a quick turnaround time, reducing the lag between application and completion for clients.
The new service will be available to both directly authorised and appointed representative advisers using the mortgage club.
The Conveyancing panel will consist of eConveyancer, MyHomeMove and enact/Live. Legal & General chose the firms due to their speedy turnaround, which reduces the chance of chains failing be speeding up the completion of sales.
Advisers can choose the firm they want to use according to the needs of their clients and are also able to set referral fee levels within certain parameters to suit their business model.
Ben Thompson, director of mortgage at Legal & General, says: “We wanted to tackle one of the issues that advisers and their clients are facing at the moment and we hope our conveyancing service will go some way towards minimising the frustration of a breakdown in the property chain.”
“We've carefully selected conveyancing partners with fast, efficient service and transparent pricing.”
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Alongside Barrett, Hopkins, Boston and Thorman on 17 October
For undisclosed sum