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Abbey trims conveyancer panel

Abbey has trimmed just over 6,000 solicitors and conveyancers from its residential mortgage panel.

The lender says following a recent review of its panel it has written to 6,000 of its 24,000 firms to tell them it will no longer be needing their services.

A spokesman for Abbey says: “Following a recent review of our residential mortgage conveyancing panel, we can confirm that we have written to a number of firms that have undertaken few or no transactions with it over the past year to advise them that we will be removing them from our panel.

“This reduction will enable us to streamline the panel of solicitors/conveyancers that we work with going forward. We have put in place a process to deal with requests for reinstatement and each request will be evaluated on its merits.”


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