Countrywide may take MI conveyancing in-house

Nigel Stockton, Countrywide financial services director, said although MI would continue to operate independently from Countrywide and use its panel conveyancers, it made sense to look at where synergies could be achieved.

He said: “Wherever we can, we will get Mortgage Intelligence and Mortgage Next to use Countrywide’s conveyancing.”

This could mean firms such as Goldsmith Williams lose out on a considerable chunk of business as a result.

Sally Laker, managing director of Mortgage Intelligence, added: “At Mortgage Intelligence we work from a panel for conveyancing and certainly with our new parent being the largest conveyancer it opens up a number of options which will all be considered but not necessarily to the detriment of our existing arrangements.”

Eddie Goldsmith, senior partner at Goldsmith Williams, said: “We’re proud to be a panel member for Mortgage Intelligence and Mortgage Next. We hope our reputation and service will keep us in the minds of their members. We will continue to promote and improve our services so those brokers believe we can provide their clients with a quality service."