Monday, 25 July 2011

Interesting development from a lender

We have just been informed by one of the main high street lenders that in future, we're going to have to pay to remain a member of their panel. This is due to the overheads involved in their managing our panel membership.

We expect that they won't be the last to implement such a scheme, and we are watching carefully to see what approaches other lenders will take when it comes to working with solicitors.