Lloyds TSB Scotland Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Lloyds TSB Scotland’s changes. Notwithstanding that utilising COMPLETIONmonitor is not a condition for acceptance on the Lloyds TSB Scotland panel, demonstrating you can stay up to date with Lloyds TSB Scotland’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces SRA and CQS reports, and will increase your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in reduced PII premiums.

Find a Law Firm approved by Lloyds TSB Scotland

Lenders often vary their requirements. The UK Finance Lenders’ Handbook requirements from Lloyds TSB Scotland are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Lloyds TSB Scotland has made 305 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.0 days. In total, 43% of the sections of P2 of the UK Finance Lenders’ Handbook for Lloyds TSB Scotland have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Lloyds TSB Scotland Conveyancing Panel Example Support Desk Enquires from members of the public

I instructed a law firm to conveyancing on my remortgage six weeks ago having applied for a mortgage with Lloyds TSB Scotland. The firm reassured me that they are on Lloyds TSB Scotland conveyancing panel and gave me their panel number. Lloyds TSB Scotland then ,via my broker advised that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor currently on the approved panel for Lloyds TSB Scotland?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Lloyds TSB Scotland as to how long they think it will take to get the firm to get back on the panel.
I am purchasing a new build duplex and my solicitor is informing me that she has to reveal incentives from the builder as her practice is on the Lloyds TSB Scotland conveyancing panel. I am on a tight deadline to exchange contracts and I dont want to prolong deal. Can I insist on an exchange regardless of what my lawyer says about being on the Lloyds TSB Scotland panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Lloyds TSB Scotland approved panel is to comply with the CML Handbook requirements (last updated for this lender on Lloyds TSB Scotland). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How do I find a local solicitor on the Lloyds TSB Scotland conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Lloyds TSB Scotland solicitor panel.
My conveyancers in London have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Lloyds TSB Scotland. Is it case that being on the Lloyds TSB Scotland conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Lloyds TSB Scotland Conveyancing Panel Terms. It might be worth you contacting Lloyds TSB Scotland directly.
Is it the case that all conveyancing solicitors on the Lloyds TSB Scotland conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
My wife and I have arranged a further advance on our mortgage from Lloyds TSB Scotland as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Lloyds TSB Scotland conveyancing panel to deal with the legals?
Lloyds TSB Scotland would not normally instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Lloyds TSB Scotland list
Me and my partner are remortgaging a garden flat in Hendon. Conveyancing solicitors in Hendon need to beinstructed. My fatheradvised that we enquire that the solicitor in Hendon is on the Lloyds TSB Scotland list of approved conveyancing firms. Aren't all lawyers on the Lloyds TSB Scotland panel?
A limited percentage of Hendon conveyancing practices are on the Lloyds TSB Scotland conveyancing panel. 8 people a month use our search tool to find a Hendon conveyancing firm on the on the Lloyds TSB Scotland approved list of lawyers.