Nationwide makes Conveyancing Quality Scheme membership mandatory

Nationwide has today announced that from summer 2015 onwards it will be compulsory for all members on its panel to be CQS (Conveyancing Quality Scheme) accredited.

The Conveyancing Quality Scheme provides a recognised quality standard for residential conveyancing practice and for firms that achieve accreditation, offers a level of credibility with stakeholders and consumers[1]. It aims to improve the conveyancing marketplace through establishing trust which in turn deters fraud and negligent practice.

The announcement has been welcomed by the Law Society; “We are pleased that Nationwide have recognised CQS as a quality standard.” The news is particularly positive as Nationwide is the largest building society in the world and also one of the top three mortgage providers within the UK. Nationwide hinted that compulsory CQS accreditation was back in September 2012 when Santander announced that it would require all members on its panel to be CQS accredited.

Garside and Hoy is CQS accredited and if you are buying or selling a property please contact Jagruti Raval on 0208 427 5656 or email info@garsideandhoy.co.uk.

[1] Jonathon Smithers, Law Society vice-president.

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