HSBC to accept all Law Society CQS solicitors on to their conveyancing panel

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HSBC will amend its conveyancing approach to enable all solicitors accredited with the Law Society's Conveyancing Quality Scheme (CQS) home-buying quality mark to act for HSBC as well as its mortgage customers. Previously only firms on HSBC's managed panel of conveyancers would be able to act for both the borrower and the lender, with all other firms able to act for the borrower only. The new arrangement will be introduced in August 2012. All CQS firms will be able to act for HSBC. From the outset, CQS-accredited sole practitioners will be able to handle all cases with mortgage values up to £150,000. The Law Society and HSBC will continue to work together to raise this value for CQS sole practitioners. Law Society Chief Executive Desmond Hudson said: "The bank has been constructive in working with the Law Society, in designing this solution. As well as giving its customers a much wider choice of solicitor that can also act for HSBC, it has aligned itself further with the CQS and the high standards the scheme represents." May 18, 2012
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