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 Solicitor Panel: Recently Asked Questions

Are the CML planning on creating a online directory search tool with a view to to identify practices on the HSBC conveyancing panel?
We are not aware of any intention on the part of the CML to develop such a tool.

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Does the fact that my firm has signed up to Alerts via this site help in my application to join the HSBC conveyancing panel?
The criteria to join the HSBC conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
What is the CLC doing to protect licensed conveyancers from being removed from lender panels?
The CLC has initiated dialogue with banks and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. We expect that that the CLC have been in touch with lenders such as HSBC as well as the BSA.
When in comes to leasehold conveyancing do HSBC panel solicitors need to consider if there is an absentee landlord?
Assuming that your firm in is on the HSBC conveyancing panel and you are representing them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If HSBC are to lend, they may require indemnity insurance. In any event,you will need to check HSBC’s specific requirements. Notwithstanding whether HSBC will lend in such circumstances you still need to advise the borrower (unless you are acting for HSBC alone) as to the risks of buying a property with an insolvent or absentee freeholder.
Are figures published disclosing the HSBC conveyancing panel size as well as the number of conveyancing firms removed from their panel each quarter?
With banks and solicitors working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the HSBC conveyancing panel but for all bank panel listings
Will Conveyancing Quality Scheme accreditation secure my firm’s acceptance on to lenders conveyancing panels?
CQS accreditation gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of conveyancing solicitors. A number of Lenders now use the Conveyancing Quality Scheme accreditation as the starting point for Panel acceptance such as Astra Mortgages.
My firm is listed on the HSBC conveyancing panel and due to complete a purchase shortly. My file does not contain a Legal Charge for the client to execute. Who do I contact at HSBC to obtain duplicate documents?
You would be advised to get in touch with HSBC to obtain standard documents. The The Council of Mortgage Lenders Handbook contains a specific inquiry for banks to set out who to contact to obtain standard documents. It is likely that you will need to quote the firm’s HSBC conveyancing panel number.
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
6.7.1 10/07/2018 CML
10.7 02/07/2018 CML
7.3 02/07/2018 CML
5.5.3c 28/06/2018 CML
5.5.3d 28/06/2018 CML Lack of Planning Permission Indemnity Insurance
7.3 01/11/2017 CML
10.3 26/10/2017 CML
14.2.2 12/10/2017 CML
5.13.1 07/06/2017 CML Insolvency Act Indemnity Insurance Deed of Gift Indemnity Insurance
5.14.9 22/05/2017 CML

Last update 12/08/2018

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