HSBC U-Turn on restricted conveyancing panel

Jeffrey_Shaw

Panda78 wrote: »

So most solicitors are not part of the CQS?

That's right, they're not- largely because it's a self-serving scam by the Law Society.

Gep

Does anybody have any news about HSBC u-turn?
I've applied for a mortgage quotation today, which is only 2 weeks away from August and they still insist on this rule of the solicitor being one of their own and on paying the £192.
For me it's not even the problem of the money, but the fact that my trusted solicitor won't act on my behalf if I choose HSBC because he said the procedure is extremely slow.

G_M

Gep wrote: »

Does anybody have any news about HSBC u-turn?
I've applied for a mortgage quotation today, which is only 2 weeks away from August and they still insist on this rule of the solicitor being one of their own and on paying the £192.
For me it's not even the problem of the money, but the fact that my trusted solicitor won't act on my behalf if I choose HSBC because he said the procedure is extremely slow.

Withdraw your application (if you haven't already paid....) and re-apply in August?

Gep

G_M wrote: »

Withdraw your application (if you haven't already paid....) and re-apply in August?

Unfortunately I can't, the vendor is getting really annoyed and not willing to wait any longer.

I can't believe I'm the only one in this situation and I can't believe that HSBC mortgage people don't know anything about this change. It's even on their website!
http://www.newsroom.hsbc.co.uk/press/release/hsbc_accepts_all_law_society_c

Yorkie1

If your seller won't wait then you will have to carry on regardless. Find a solicitor who is on the panel (not CW).

ETA: another member posted that they've been told that the expansion of HSBC's panel of lenders is to take place on 31st August, so you're nowhere near coming within that date if it's true.