HSBC Announces Resticted Conveyancing Panel

Last week HSBC launched a new conveyancing panel there are only 43 members, of the panel is made up of
four licensed conveyancing firms and the remainder are all solicitors.
This is good news if you are one of the selected firms, but means the rest of the conveyancing companies cannot act for clients who are using HSBC to obtain a mortgage.
Most of these solicitors that have conveyancing departments believe this will harm consumers' choice.
HSBC commented that the new panel was set up to protect the banks customers from mortgage fraud.