Precise Mortgages, the intermediary only lender, has added two more firms to its Conveyancing Panel as a result of increasing business levels.

The addition of myhomemove and Gordons Property Lawyers increases the level of choice for borrowers and brokers whilst ensuring the lender’s robust fraud controls are maintained as both firms went through a thorough due diligence exercise before being appointed.

Precise Mortgages’ Credit Team compiled a full thorough due diligence check on both firms before agreeing to add them to the panel. Alan Cleary, Managing Director of Precise Mortgages, told B&C that the main factors when checking on a firm’s suitability to join the panel was the strength of its fraud detection systems, the high level of customer care, its financial position, and it also has to have more than one partner in the firm.

The move brings the total number of conveyancing panel members to eight firms. On the homeowner and buy-to-let panel there are four panel members, which operate in England and Wales, three firms which work in Scotland and Wales, and one other firm. Two of these firms also conduct conveyancing on the lender’s bridging panel.

Alan Cleary commented: "We intend to further increase our mortgage volumes over the next twelve months and the appointment of these two firms will provide additional capacity so that our high service standards can be maintained."

Dev Malle, Group Sales Director at myhomemove, added: “We know Precise Mortgages has ambitious growth plans and we already act for the major intermediary mortgage distribution hubs, so a proposition that allows access to the Precise Mortgages’ product range, whilst providing conveyancing through myhomemove, will make complete sense for the borrower and the intermediary. It is great to work with a lender that ensured its due diligence process was focussed on outcomes for consumers, quality, service and innovation.”

Operations Director Paul Norris from Gordons Property Lawyers said: “We process tens of thousands of cases per annum and whilst process driven, we treat each and every instruction individually. We are delighted to join Precise Mortgages’ panel and look forward to taking part in their continuing success and expansion going forward.”