Santander has become the first lender to make the membership of the Law Society's Conveyancing Quality Scheme mandatory for firm's applying to be on its conveyancing panel.
In conveyancing transactions in order for a clients solicitor to be able to act for both the client and client's lender the solicitor's firm must be on the lender's panel. In what is seen as an approach that all lenders will ultimately adopt Santander has now made it a requirement that all new members to its panel must have the accreditation if they are to act for the lender.
Law Society Chief Executive Des Hudson said: "The Society is pleased that Santander is using CQS in this way. It is a sensible step and we applaud Santander's decision to take the first steps in this regard". He went on to say that the move was a" solid acknowledgement " that the scheme recognises high standards in conveyancing.
Breens acquired the Law Society's Conveyancing Quality Scheme standard in June this year.
