SLC Calls on Licensed Conveyancers to boycott Metro Bank event

SLC Calls on Licensed Conveyancers to boycott Metro Bank event

Complaint to CMA under consideration.

The Society of Licensed Conveyancers (SLC) have called on its members and all other Licensed Conveyancers to boycott a seminar that Metro Bank is staging on 2nd July in London. The Society also announced that it is considering referring Metro Bank to the Competition and Markets Authority (CMA) in respect of its stance to refuse Licensed Conveyancers access to its legal panel.

Simon Law, Chairman of the SLC said: “We have been in correspondence with Metro Bank to try and understand why they wish to discriminate against Licensed Conveyancers which make up over a fifth of the conveyancing market place – a market share which continues to grow. There are four Licensed Conveyancer firms amongst the ten largest firms in the country, including the two largest, and all the other serious mortgage lenders admit Licensed Conveyancers to their panels. In fact many lenders recognise that Licensed Conveyancers represent a lower risk than other legal professionals in the conveyancing process.

“It is untenable that Licensed Conveyancers should in any way support an event that is being staged by Metro Bank. “

The Society understands that other parties, including the Council for Licensed Conveyancers have challenged Metro Bank over their stance.

The board of the SLC is taking advice over referring Metro Bank to the CMA in respect of its anti-competitive stance.

Society of Licensed Conveyancers

The Society of Licensed Conveyancers (SLC) is the professional body that represents the Licensed Conveyancer profession. It exists to serve the interests of its members working constructively with the Council for Licensed Conveyancers (CLC) as well as other stakeholders such as Government Departments, industry representative bodies, consumer organisations and the media; national, local and trade.

The Society has existed from the time the Licensed Conveyancer profession was established by Act of Parliament in the 1980s and has delivered many important and valuable services to members over the years.

The SLC is focused on six key objectives:

1. Helping members to face the future with confidence

2. Providing a viable proposition for members to act on behalf of mortgage lenders as part of their panels (SLC Quality Assured is the SLC’s new solution, which is currently in the final stages of development)

3. Providing information and advice on the opportunities that the new Alternative Business Structures (ABS) provide

4. Helping members to take advantage of technology to compete for the future

5. Providing additional products and services to help members differentiate themselves to their clients and enhance their income streams in the process

6. Give members an enhanced and inclusive professional identity

Contact: Simon Law

Tel: 08714 237193

Email: [email protected]

The Old Rectory
Church Lane

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