"This change is a direct response to the feedback we have received on what works best for limited company buy-to-let in today's marketplace and means that, from today, advisers will be able to choose from around 1,200 approved firms on Lender Exchange rather than our previous restricted panel"
- Steve Cox - Fleet Mortgages
Fleet Mortgages, the buy-to-let specialist lender, has announced it is removing its restricted limited company conveyancer panel, widening the number of law firms advisers and their landlord clients can use for limited company applications.
Advisers can now select any firm from its wider conveyancer panel, which includes approximately 1,200 approved firms. This compares to the 17 firms previously available under the restricted limited company panel.
Fleet noted the change underlines its commitment to listening to broker feedback and acting upon it, while ensuring advisers and their landlord clients benefit from greater choice, increased flexibility, and added convenience throughout the mortgage process.
The development follows enhancements Fleet made earlier in the year to its lending criteria and policies for limited company borrowers. These changes allowed the lender to support more layered ownership models and corporate configurations.
The expanded conveyancer choice addresses broker concerns about the limitations of the restricted panel system. Limited company buy-to-let transactions often require specialist legal expertise, and the broader selection provides more options for complex ownership structures.
Fleet's decision reflects wider industry trends toward simplifying processes for professional landlords operating through corporate structures. The change removes a potential bottleneck in the application process while maintaining the lender's quality standards through its approved panel system.
"We want to make sure advisers feel supported and they and their clients have the flexibility they need when choosing a conveyancer," explained Steve Cox, chief commercial officer at Fleet Mortgages. "This change is a direct response to the feedback we have received on what works best for limited company buy-to-let in today's marketplace and means that, from today, advisers will be able to choose from around 1,200 approved firms on Lender Exchange rather than our previous restricted panel. We believe this demonstrates our commitment to listening and acting on feedback, while delivering more choice and convenience for both advisers and their landlord clients."
