Birmingham Midshires Conveyancing Panel Portal Different to CQS

In addressing various concerns voiced by solicitors about the Lender Exchange, Decision First director Justin Parkinson has clarified the destination between the Lender Exchange (soon to be adopted by Llyods Banking Group) and CQS.

Parkinson admitted that CQS had been “a huge step in the right direction” but that it did not cover non-SRA regulated firms. By this he means licensed conveyancers regulated by the CLC.

He added: “Some lenders also say CQS doesn’t go far enough, so some CQS firms don’t make it onto panels.”

Parkinson did not delve into where he, or lender such as Birmingham Midshires  believe that there are deficiencies in CQS. Furthermore, he confirmed that criteria to be on panels such as the Birmingham Midshires Conveyancing panel are unlikely to be changed as a result of the lender exchange portal.

“Lender Exchange will not change anything about the decisions that lenders make today on panel appointments. Lenders will make their decisions independently of each other and Lender Exchange will not facilitate the sharing of these decisions – each lender’s view of the system and firms on their panel is theirs and theirs alone,” Parkinson said.

 

 

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