The Council of Mortgage Lenders has submitted its response to the Financial Conduct Authority’s consultation on implementing the European Mortgage Credit Directive (MCD) in the UK, identifying four main areas where a change of approach is needed to achieve minimum disruption to the UK mortgage market.
Majority of home buyers ‘expect a response from conveyancer within 24 hours’
Three quarters of respondents (75%) to a survey commissioned by the firm said they expect a response from their conveyancer