For the majority of applications received from Monday 29 October 2007, clients will be able to use their own solicitors to act on behalf of Abbey.
Andrew Turzynski, head of Abbey Commercial commented: "We have listened carefully to brokers, who have asked us to make more use of their client’s solicitors. This reflects Abbey’s commitment to making deals work for brokers and their clients.
“Furthermore we continue to link our commercial mortgage rates to Bank Base Rate, and not LIBOR, so our customers have not been affected by the recent turmoil in the money markets. This factor coupled with our competitive margins and our new policy announcement means that Abbey continues to offer excellent value to our introducers’ clients.”
