Atom Bank to expand restricted conveyancing panel ‘imminently’

Money

Atom Bank says it will expand its restricted conveyancing panel to all firms imminently.

Currently consumers have to use one of seven conveyancers on the Atom panel.

But the lender says a move to general panel conveyancing is “the next stage in our evolution”.

It said in March it was looking to expand its panel and that ‘the conveyancing proposition isn’t yet fully delivered’.

At the time, the firm said it was working with LMS and its system providers on a plan.

Atom today confirmed to Mortgage Strategy that this launch is ‘imminent’.

The bank launched its Digital Mortgages proposition in November last year.

It says its initial conveyancing proposition got the division up and running and it is now ready to develop this further.

Atom Bank director of retail mortgages Maria Harris says: “This move is being taken to provide greater choice to our customers and brokers. The new functionality will be launched soon.

“It will allow brokers to choose from a broad range of pre-approved law firms.”

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