Lender Panel Removal
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Lender File Requests: Is Your Conveyancing Firm Ready?
A mortgage lender’s request for completed conveyancing files can expose weaknesses that remained unnoticed during the transaction. The firm needs to establish what instructions applied, what work was undertaken and whether the file records the enquiries, reporting and approvals required. Organisations with a culture of strict lender compliance management who have internal audit mechanisms in…
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Is the Welcome Mat Gone from the HSBC Conveyancing Panel?
Two years after complaints from customers and lawyers forced HSBC to ditch its controversial plan to drastically reduce their conveyancing panel, confusion reigns as to whether the lender’s panel is, in fact, now closed regardless of whether a firm is accredited by the Law Society’s Conveyancing Quality Scheme (CQS). HSBC allowing CQS firms on their…