Lloyds TSB Scotland Conveyancing Panel : Questions and Answers from members of the public
I was advised recently by my mortgage broker that my solicitor is not on the Lloyds TSB Scotland Solicitor panel. How can I check?
The best course of action for you to take is to contact your conveyancer. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the the approved Lloyds TSB Scotland solicitor panel.
My husband and I are refinancing our penthouse with Lloyds TSB Scotland. We have a son 18 who lives with us. The solicitor on the Lloyds TSB Scotland conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two concerns (1) Is this form unique to the Lloyds TSB Scotland conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Lloyds TSB Scotland conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Lloyds TSB Scotland .This is solely used to protect the Lloyds TSB Scotland if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Lloyds TSB Scotland had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Are there any apps to help find a local solicitor on the Lloyds TSB Scotland conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the lawyer.
You can use the find a conveyancing panel tool on this website. 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 Newcastle have advised me that no longer have 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.
My wife and I have arranged a further advance on our mortgage from Lloyds TSB Scotland as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Lloyds TSB Scotland conveyancing panel to deal with the paperwork?
Lloyds TSB Scotland do not ordinarily instruct firms on their approved list of lawyers 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 panel
My brother and I have had an offer accepted on a house I spoke to a solicitor previously used by my brother and he suggested retaining a solicitor approved by Lloyds TSB Scotland. The estate agent recommended two local firms so I asked Lloyds TSB Scotland if the 2 suggested solicitors are approved, which they are not. Lloyds TSB Scotland pointed out that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Lloyds TSB Scotland 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Lloyds TSB Scotland to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Lloyds TSB Scotland conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Lloyds TSB Scotland conveyancing panel as it may only take about 2-3 weeks. As long as they meet Lloyds TSB Scotland’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Lloyds TSB Scotland have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Lloyds TSB Scotland or your broker and complete any relevant paperwork. Lloyds TSB Scotland will tell you what documents they want. Lloyds TSB Scotland will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Lloyds TSB Scotland will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.