Mortgages Plc's new conveyancing service has been criticised as potentially being open to abuse by both brokers and solicitors.
The service, launched as part of the lender’s new On-Demand online platform, enables mortgage intermediaries to obtain the services of a solicitor to carry out a conveyance for their clients. The system has been white labelled by E-conveyance and is described by Mortgages Plc as an 'eBay-style' auction and rating service, which allows solicitors to bid for business and intermediaries then give solicitors a star rating based on the service they receive. But Eddie Goldsmith, partner at Goldsmith Williams, has expressed serious doubts about the way the service will work claiming the star rat...
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