Lloyds TSB Scotland Solicitor Panel Recently Asked Questions from members of the public
A conveyancer my fiance and I wanted to use for conveyancing on a remortgage said she will levy higher legal fees if my lender is because of their difficult processes! Will I regret using Lloyds TSB Scotland? Is Lloyds TSB Scotland conveyancing so much more difficult?
Lloyds TSB Scotland conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Lloyds TSB Scotland conveyancing panel. If they are not, this does add further risk of delay as Lloyds TSB Scotland will appoint their own solicitors to look after their interest.
Expecting to move into my new home next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Lloyds TSB Scotland. What does the insurance need to cover?
Any lawyer on the Lloyds TSB Scotland conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Lloyds TSB Scotland’s Part 2 requirements of the CML Handbook (last updated on Lloyds TSB Scotland). Being on the Lloyds TSB Scotland conveyancing panel your lawyer is expect to follow these requirements.
Whilst your website is a good idea there are many lawyers listed near London on the Lloyds TSB Scotland conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the Lloyds TSB Scotland approved panel?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
I am selling my house. Does my solicitor have to be on the Lloyds TSB Scotland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds TSB Scotland conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Two weeks ago we had a mortgage agreed in principle with Lloyds TSB Scotland. Solicitors have been appointed? How long does it take for Lloyds TSB Scotland to send the offer to our conveyancer
Some lenders take longer than others. Have Lloyds TSB Scotland done the survey? Have you advised Lloyds TSB Scotland as your lawyers details and checked that your lawyer is on the Lloyds TSB Scotland conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I was thinking of purchasing my friend’s property. Once we agree a price, what’s the best way to move forward? I plan to obtain a mortgage with Lloyds TSB Scotland. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Lloyds TSB Scotland involved you will need to appoint a solicitor on the Lloyds TSB Scotland conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Lloyds TSB Scotland. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Lloyds TSB Scotland conveyancing panel.
My ex -wife’s name is on the Lloyds TSB Scotland mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Lloyds TSB Scotland mortgage in order to sell?
In terms of the Lloyds TSB Scotland mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Lloyds TSB Scotland in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.