Nationwide has announced its decision to mandate the Conveyancing Quality Scheme (CQS) as a prerequisite for firms to be on its conveyancing panel. The changes will affect both those already on its panel, and those wishing to join
Nationwide has announced changes to its conveyancing panel, which affect both those already on its panel and those wishing to join.
Its panel is now open to new applications from firms that are CQS accredited.
If you’re already on Nationwide’s panel but are not CQS accredited, you will need to attain accreditation. The deadline for attaining CQS accreditation is yet to be confirmed by Nationwide. Nationwide has indicated that if your application for CQS has been submitted by the due date and is being processed by the Law Society, your firm will remain on the panel while your application is considered.
The Law Society is pleased that Nationwide has announced its decision to mandate the Conveyancing Quality Scheme (CQS) as a prerequisite for firms to be on its conveyancing panel. Nationwide joins other mortgage providers, including HSBC, Santander, Yorkshire Building Society, Metrobank and Clydesdale & Yorkshire Bank, that require members of their panel to have CQS accreditation.