Nationwide has confirmed that from summer 2015 it will begin to require all members of their solicitor panel to be Conveyancing Quality Scheme accredited.
Nationwide’s Andrew Baddeley-Chappell said: “We see CQS as best practice and a valuable indication of firms’ commitment to providing a quality service to their clients. This is why we have decided to introduce this requirement for our panel members later this year.”
In response to the announcement, Law Society vice-president Jonathan Smithers said: “We are pleased that Nationwide have recognised CQS as a quality standard and wish to mandate it for firms on their panel. CQS provides a recognised quality standard for residential conveyancing practice and has created a trusted community helping to deter fraud and drive up standards within the conveyancing marketplace.”
Work is under way with Nationwide in terms of planning for the inclusion of any non-CQS accredited panel members to the Conveyancing Quality Scheme. There will be more information regarding this in the next few weeks.