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LMS to panel manage for Metro Bank

  • 03/03/2015
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LMS to panel manage for Metro Bank
Metro Bank has agreed a panel management deal with conveyancing services provider LMS.

Huw Lewis, sales and marketing director of LMS, said: “We look forward to building a long term and growing relationship with them.”

Metro said new customers will benefit from one single point of contact throughout the application process, and brokers can submit applications through the Metro Bank online mortgage portal.

Charles Morley, head of mortgage distribution at Metro Bank, (pictured) said: “At Metro Bank we’re always looking for new ways to make things even more convenient for our customers. We’re pleased to therefore to be partnering with LMS, which will simplify the process for our broker partners and our customers in identifying and appointing a conveyancing panel manager. We look forward to working closely with LMS going forward.”

In its results, Metro Bank reported it had doubled its lending volumes to business and personal customers over 2014 to hit £1,597m by Q4-end, up from £754m at the same point last year. Half of the 112% year on year increase constitutes commercial lending.

In December 2014, the lender also broadened its geographical reach for intermediaries to allow residential and buy-to-let applications for properties located throughout England and Wales.

Morley said the bank was constantly innovating to meet its customers’ and broker partners’ needs.


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