Lloyds TSB Scotland Conveyancing Panel Sample Enquires to our Call Center
from members of the public
My Solicitor is not on the Lloyds TSB Scotland Approved Panel. Is it possible for me to use my preferred solicitor even though they are excluded from the Lloyds TSB Scotland panel?
The most common options here are as follows:
- Complete the purchase with your preferred solicitors but Lloyds TSB Scotland will need to instruct a lawyer on the Lloyds TSB Scotland conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Lloyds TSB Scotland conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Lloyds TSB Scotland conveyancing panel
can you help? My solicitor is informing me me that she is duty-bound to apply for a Local Authority search as the firm are on the Lloyds TSB Scotland approved lawyer panel. The searches cost a lot of money. Can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Lloyds TSB Scotland your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Lloyds TSB Scotland’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Lloyds TSB Scotland. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I am searching for online conveyancing estimates. Can I be assured that all the law firms that are listed on your site are on the Lloyds TSB Scotland conveyancing panel?
The law firms listed on our site have advised us that they are on the Lloyds TSB Scotland panel and agreed to advise us to take down their listing in the event of removal off of the Lloyds TSB Scotland panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Lloyds TSB Scotland conveyancing panel is incorrect.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Lloyds TSB Scotland Solicitor panel before completion?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
When it comes to lenders such as Lloyds TSB Scotland do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I recently had an offer accepted on a house. My financial adviser recommended their conveyancers I paid an upfront payment of 200. Soon after the conveyancers contacted me to say that they were not on the Lloyds TSB Scotland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds TSB Scotland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer on house has been accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Lloyds TSB Scotland?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Lloyds TSB Scotland conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Lloyds TSB Scotland and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.