Conveyancer and panel management specialist, LMS, has expanded its partnership with Livemore Capital.
The later life interest-only mortgage specialist for the over 55s is to use LMS’s Panel Link service.
LMS will deliver a fully vetted, secure panel and also provide a range of components designed to further secure the monetary chain and provide operational efficiencies in the house buying process.
The lender’s customers will also be able to use LMS’ free Bank Account Check service to verify the bank details of their law firm before transferring funds, a key step in combatting mortgage deposit fraud.
Nick Chadbourne (pictured), CEO of LMS, said: “Lenders have proved a resilient cornerstone of the UK mortgage industry throughout 2020, keeping transactions flowing and delivering for their customers. Conveyancing is a crucial piece in the puzzle, so we’re delighted to have extended our partnership with LiveMore Capital so that every customer can benefit from Panel Link.
“Collaboration has never been more important than in 2020 and this is in synergy with our commitment to a simpler conveyancing process.”
Leon Diamond, CEO of LiveMore Capital, added: “Having started our relationship with LMS for our remortgage product, we were pleased to be able to rapidly launch our purchase mortgage by engaging with LMS for its Panel Link service, which means we can benefit from a more streamlined and efficient conveyancing experience whilst ensuring customer confidence over the security of the process.
“We continue to place the highest importance on maintenance of a top-quality service, so it made perfect sense to build on the great results we’ve already seen from our initial partnership with LMS and enter into our Panel Link membership. This collaboration supports us in the delivery of our rapid growth strategy and will give our intermediaries and customers confidence and security as we navigate the rest of the pandemic.”