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500th firm joins CQS

22 August 2011

The Law Society’s Conveyancing Quality Scheme has signed up its 500th member.

Since CQS was launched in January, the society said 1,229 firms had applied to join the scheme and the numbers accepted as members were likely to go “well beyond” the society’s original target of 600 by the end of the year.

“Reaching this milestone by the end of August illustrates how quickly CQS has become a feature on the home-buying landscape,” Des Hudson, the society’s chief executive, said.

“There have been encouraging signs of support for the scheme from the mortgage lending industry, as well as the insurance industry, but most encouraging of all is the recognition from the public.

“We have strong statistical evidence from our current marketing campaign to show the public is actively seeking out CQS firms.”

The CQS scheme requires practices to undergo an assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain their status.

It has the support of the Council of Mortgage Lenders, Land Registry and Association of British Insurers.

Categorised in:

Procedures Conveyancing