The goal of any new scheme in the conveyancing market should be to reduce time and costs, and increase the level of service. It may be that if there are more schemes such as the Conveyancing Quality Scheme or Lender Exchange, they may compete with each other and reduce the costs as conveyancers could choose which one to subscribe to. On the other hand it creates a middle market which is totally unnecessary.
As it is, the new scheme is likely to undermine CQS. If solicitors can get more mortgage instructions via Lender Exchange more quickly and cheaply then they won’t bother with CQS. Clients are not interested in any of this, there i...
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