HSBC Conveyancing Panel Information

UK Finance Designator: HSBC Bank plc
Jurisdiction: England and Wales

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by HSBC and to assist in remaining on the HSBC Conveyancing Panel.

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HSBC Conveyancing Panel: Recently Asked Questions

Are HSBC Conveyancing panel solicitors obliged to disclose incentives?
HSBC’s answer to this question can be found at section 6.4.4 of their CML Part 2 requirements

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Do HSBC or the CML run training Courses for the HSBC approved conveyancing panel in the same way that CQS run CPD Courses for accredited firms?
This not something that the CML would traditionally get involved with however they do host a number of general conveyancing related conferences which are attended by firms on the HSBC conveyancing panel. We do intend to run specific lender focused seminars in the near future including a webinar on HSBC’s Part 2 requirements. Law firms on the HSBC conveyancing panel will be invited. Further details will be communicated as part of the LENDERmonitor Alerts.
Is it conceivable that HSBC will instruct another solicitor on the HSBC conveyancing panel for a further advance during the lifetime of a mortgage?
Paragraph 16.2.1 of Part 1 of the Handbook applicable to a solicitor on the HSBC conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the HSBC conveyancing panel?
In order to be on the HSBC conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily HSBC) are as follows:
  • To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
  • To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
  • That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
  • If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
  • You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request
Does Conveyancing Quality Scheme accreditation secure my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS membership is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of conveyancing solicitors. Some Lenders now use the scheme as the starting point for Panel membership as is the case with HSBC.
I am on the HSBC conveyancing panel and due to complete a purchase shortly. I dont have a Mortgage Deed for the client to execute. Who do I contact at HSBC to request substitute deeds?
You would be advised to get in touch with HSBC to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual question for banks to enumerate who to contact to obtain standard documents. Always remember to quote the firm’s HSBC conveyancing panel reference.
Average number of days to register title including a charge in favour of HSBC
This information relates to purchase only and not remortgages.
YearDays*
2014 8.5
2013 25.5
2012 27.6
2011 37.6
* Data aggregated from sources including COMPLETIONmonitor

Recent Changes Include

# Date Assoc. Changes Related To
6.5.1 19/11/2018 CML
6.6.1 19/11/2018 CML
5.5.3c 22/10/2018 CML
1.11a 10/07/2018 CML
7.3 02/07/2018 CML
5.13.1 01/11/2017 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
7.3 01/11/2017 CML
10.7 26/10/2017 CML
4.5b 26/10/2017 CML
1.11a 10/07/2017 CML

Last update 10/11/2018

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