LMS Lender Panels Update February 2024

LMS continues to work hard for its lender clients but maintains a focus on making sure all law firm/lender interactions are as easy as possible and preferably via a secure means to further mitigate the risk of email interception, phishing, and criminal deception.

LMS are continuing to make significant investment in our services, listed below are some of the current and future services that are currently available for law firms and your clients to use.

• Charge Registration service enabled.
• Ongoing work with Registers of Scotland and Northern Ireland Land Registry.
• Charge Registration API.
• LMS Plug and Play technology.
• LMS Confirmly.
• Bank Account Check.
• Client Account Check.
• Electronic COT submission on 7 lenders, with more to follow.
• LMS Secure Link Portal available for 17 lenders.

Accordingly, we will be increasing the current £25 plus VAT per completion charge to £35 plus VAT for all instructions received on or after 1^st March 2024, any instructions received prior to 1^st March 2024 will continue to be paid at the current rate.

All lender panels remain free to join at the point application and no charge is applicable on cases that do not reach legal completion. Updated panel membership addendums will be deployed live to our Conveyancer Zone portal on Tuesday 20 February 2024.