Tag: HSBC
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Are Lenders Putting Conveyancers in a Stranglehold over Knotweed Obligations?
HSBC is the third lender in the space of a three week period to impose new requirements in relation to Japanese knotweed. In an update to their answer to 5.4.4 of Part 2 of the CML Handbook HSBC’s new requirements reads: Japanese Knotweed – You will need to advise the Bank if you become aware that…
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Did she really just say that ?
Following on from HSBC’s controversial decision to restrict their conveyancing panel just 43 firms (down from approximately 4000) the bank may have added fuel to the fire by certain assertions about the quality of the restricted panel. The Guardian Newspaper yesterday quoted HSBC spokeswoman Suman Hughes who said that while previously it “couldn’t guarantee the…
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Law Society spin Drs kick into gear in response to HSBC panel pruning
Last Friday HSBC launched the latest attack in war against the majority of conveyancing solicitors by announcing a limited a panel of 43 firms to handle its mortgage work, which customers will not be obliged to use as well – but it will be much cheaper if they do. The Law Society have used the…
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HSBC publishes new Part 2 requirements on the CML website
HSBC Bank PLC have, within the last 24 hours published their CML Handbook Part 2 requirements on-line for the first time. Up until now,HSBC had issued their blue booklet of conveyancer requirements direct to lawyers with their mortgage offers. Up until now, if you were searching on-line for the CML handbook Part 2s for HSBC…