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“Our embedded credit team already gives us the ability to make decisions quickly, and the ability to have dual representation should make us even faster for many clients.”
This rule has the potential to reduce the time required for legal reviews by eliminating delays while two companies go back and forth and also reduce the cost of a mortgage application by reducing the number of companies involved.
To provide dual representation, Investec has enhanced its internal processes and systems and partnered with LMS.
Dual representation is available to clients engaging law firms that meet certain minimum requirements and have been onboarded by LMS. In particularly complex situations, Investec may not be able to provide dual representation, so separate representation with its own board is also possible.
Peter Izard, Head of Intermediary Business Development at Investec, commented: “We are relentlessly focused on improving what we offer customers and our mortgage brokers. Our embedded credit team already gives us the ability to make decisions quickly, and the ability to have dual representation should make us even faster for many clients. This new enhanced feature will be a big step forward in our determination to continually improve our service.”
