Mortgages: Legal Opinion

Treasury written question – answered on 27th February 2012.

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Photo of Christopher Pincher Christopher Pincher Conservative, Tamworth

To ask the Chancellor of the Exchequer whether he has any plans to bring forward proposals to end the practice of mortgage lenders using selected panels of preferred or prescribed conveyancers for legal advice during property purchases.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The Government are aware that several banks have recently made changes to the membership of their conveyancing panels.

Commercial decisions remain a matter for the boards of banks and building societies, and the Government do not seek to intervene in these decisions.

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