Quietly, lenders could be moving closer to taking control of the conveyancing market. It started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their panels, which kicked off a major policy change in the sector. It led to banks and building societies purging less reputable firms off their books.
Conveyancers should be brave enough to start charging clients for the additional work ?they are expected to produce under the latest mortgage lenders' code, says John Coulter
Bulk conveyancers will be first in line to make the best of ?the upturn in the property market, but you too could benefit, ?says Kent solicitor Peter Rodd