propertytalk Live! - Law Society's home-buying quality mark gets CML support
More than 700 conveyancing firms have so far applied to join the Law Society's Conveyancing Quality Scheme - and it is still not too late to apply.
The Society is to start a consumer advertising and PR campaign in support of CQS at the end of April, after which the profession should expect to be asked by lender and consumer clients whether their firms are accredited under the CQS.
The Council of Mortgage Lenders hopes the CQS will create a trusted conveyancing community that will deter fraud, recognise high-quality services for home-buyers and lenders, and deliver a robust assessment and monitoring procedure for the solicitors' firms that are admitted.
The lender body supports a CQS that represents a credible means of driving up standards among conveyancers, and improving lender and consumer confidence.
Once the CQS achieves the Law Society's goal of providing a "confidence boost" for the lender market, the CML expects the CQS to become a prerequisite for membership of lenders' conveyancing panels.
Michael Coogan, director general of CML, said: "The CML has been working closely with the Law Society as it develops the CQS to ensure conveyancing standards are improved for consumers and lenders alike.
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