Intermediaries can appoint their own conveyancer for specialist buy to let applications, as long they’re registered with Lender Exchange and meet the following criteria:
- Have a minimum of two solicitors regulation authority approved managers or two Council for Licensed Conveyancers authorised managers
- Minimum professional indemnity insurance cover of £2m.
- For applications above £2m, the conveyancer must at all times retain professional indemnity insurance cover which is adequate and appropriate for the practice, considering in particular the nature and value of the work they are undertaking
- Solicitors must have conveyancing quality scheme accreditation
If you’re a conveyancer who’s managing a specialist buy to let application with us, you’ll find all the documentation needed here.