A
significant proportion of the conveyancing industry risk being removed
from Santander’s conveyancing panel at the end of March unless they
obtain the Law Society’s Conveyancing Quality Scheme accreditation.
A
Santander spokesman said: ‘As part of the bank’s efforts to manage
risks associated with mortgage lending, we are committed to managing our
panel of conveyancing providers. CQS provides a means of maintaining
choice and high standards for our customers while addressing those
risks,’ he said.
This
does beg the question as to what is happening with licensed
conveyancers who can not apply to be CQS accredited. If Santander allow
licensed conveyancers to automatically be on their panel this could
result in solicitors converting to licensed conveyancers by way of an
ABS - directly or indirectly through an ABS.
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