The dual representation offering will cut the time taken to complete transactions by enabling both the lender and the borrower to be represented by the same law firm.

The offering will be provided on a fixed-fee basis at a lower price point than would be available if both parties were to arrange legal representation separately.

The borrower and lender will always be represented by different solicitors within Glaisyers ETL, with all necessary safeguards in place to avoid conflicts of interest, and dual representation will only be offered in appropriate cases.

The lender says that smoother communication between both parties’ legal representatives and Glaisyers ETL’s expertise in bridging finance will enable quicker deal completions.

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Matt Mawdesley, CEO and founder of Morpheus Lending (pictured above, left), said: “We are thrilled to announce our new dual rep offering to the market alongside Glaisyers ETL.

“This will further drive efficiencies and customer-focused solutions on top of our already digital-only proposition, in turn reducing cost and uncertainty for our brokers and clients.”

Leo Rossiter, partner and head of the real estate team at Glaisyers ETL (pictured above, right), said: “Morpheus Lending is using technology to pioneer a new, more efficient way of doing things in the bridging space.

“However, bridging finance is a specialist area for lawyers, and many high-street conveyancing practices simply do not have the experience to complete transactions quickly enough for time-pressured borrowers.

“I look forward to a long relationship with Morpheus as we work together to achieve the best, swiftest outcomes for customers with the minimum of stress.”