Mortgage Lender Risks

Conveyancers sometimes forget that lenders are in business to make money and they will repossess a property if the borrower fails to keep up their repayments. We advise our clients of this risk – but what about the conveyancer? What is the position of the conveyancer if the lender repossesses and sells at a loss? Will they have a go at the conveyancer? You bet they will! We must ensure that our files are Handbook compliant. And there are many people doing conveyancing work now who ha...