Over 5,600 law firms have signed up to Lender Exchange, a website which stores information on conveyancing panel firms for mortgage lenders.
A new buy-to-let lender, Fleet Mortgages, has created the first law firm panel made up only of members of the Conveyancing Association. CA chairman Eddie Goldsmith said he had held talks with others about a similar move.
More than 2,700 law firms have signed up for Lender Exchange, a website which stores information about conveyancing panel firms for mortgage lenders. However, negotiations with the Law Society over a relationship with the Conveyancing Quality Scheme have stalled.