Specialist commercial lender InterBay, part of OSB Group, has introduced joint legal representation as part of its conveyancing process, supported by a refreshed solicitor panel.
The move is designed to reduce delays and improve communication by allowing the same solicitor to act for both the borrower and lender, leading to quicker completions and fewer administrative hurdles. Brokers can now obtain direct quotes from their chosen firms, with fixed fee scales removed to offer more cost control.
Marc Callaghan, head of commercial lending at InterBay, said: “We’re always striving to improve the service we offer across commercial, semi-commercial, buy to let and bridging sectors so we know that these changes will be welcomed by our broker partners.
“Not only will these changes speed up the conveyancing process but we’ve updated our panel to reflect the in-depth knowledge and expertise needed to successfully support the new process.”
Paul Debney, director – commercial finance at Karis Capital, added: “Joint Representation is a great option for us and our clients. It can make the legal process more streamline, provide consistency across both parties and could be more cost-effective too. It’s becoming increasing popular within the specialist space, and we’re delighted that InterBay now provides this choice.”
The new approach aims to support faster deal execution across InterBay’s commercial, semi-commercial, buy-to-let and bridging propositions.
