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HSBC to launch conveyancing panel with Countrywide
HSBC is to introduce a conveyancing panel to provide legal services to its mortgage customers managed by Countrywide on 9 January.
Customers will be free to use their own solicitor or conveyancer but HSBC will use a panel to undertake its own legal requirements.
As an incentive to encourage more customers to use a firm from the panel, HSBC will be offering customers added benefits should their property purchase fall through, this includes fixed legal fees and a guarantee that they will not be charged for any legal work that has been undertaken.
Peter Dockar, head of mortgages at HSBC said: “Our panel arrangement will spare customers the time and hassle of searching for a firm to do the important conveyancing work on their new property.
“Customers who choose to use a firm on the panel can benefit from agreed conveyancing costs as well as valuable guarantees should the seller pull out. We also believe this will provide additional protection for our customers and HSBC.”
Paul Creffield, corporate operations director at Countrywide added: “We are delighted to have been selected by HSBC to manage their conveyancing panel management operations. We have the scale to deliver bespoke in-house conveyancing solutions and welcome the opportunity to work with HSBC to safeguard its home buying mortgage customers and minimise any potential risk to the bank.”
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