Buy-to-let lender Landbay has partnered with conveyancing portal the Lender Exchange.
Lender Exchange offers integrated mortgage redemption requests, returning redemption figures in seconds, mortgage offers landing with law firms’ minutes after they’ve been issued by lenders, and Certificates of Title being sent digitally. It also works with lenders and law firms to minimise fraud risks.
Paul Clampin, chief lending officer at Landbay, said, “Joining the Lender Exchange is all about providing brokers and borrowers with a quicker, more streamlined process by using only the most highly qualified and experienced conveyancing firms.
“We have focused on making applying for a mortgage with Landbay as quick and easy as possible. this will help us to ensure quality in the part of the mortgage process that wasn’t under our control, and to eliminate any delays associated with this.
“Lender Exchange is one of a number of technical and service enhancements that Landbay has introduced this year with more to be delivered in the next few months. This continues our commitment to this specialised market.”
Landbay is ensuring that any conveyancing solicitor it works with already has experience in the buy-to-let market, including having previously carried out conveyancing for houses in multiple occupancy (HMOs) and multi-unit freehold blocks (MUFBs) as well as a company buy-to-let transaction.
In addition, each conveyancing firm must be a member of the Law Society Conveyancing Quality Scheme.
This post has originally been featured in Property Wire.