Lloyds TSB Scotland Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. It is a unique risk management tool.

This system facilitates the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Lloyds TSB Scotland’s changes. While utilising the tool is not a condition for being on the Lloyds TSB Scotland panel, demonstrating you can stay up to date with Lloyds TSB Scotland’s Handbook requirements is an excellent support to your application to their lender panel and, more importantly, protect your panel status.

COMPLETIONmonitor creates real-time alerts, automatically produces COLP and CQS reports, and will increase your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Lloyds TSB Scotland

Lenders often change 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 311 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 8.8 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,

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Lloyds TSB Scotland Conveyancing Panel Recently Asked Questions from members of the public

My Conveyancer is not listed on the Lloyds TSB Scotland Conveyancing Panel. Can I still retain my family solicitor notwithstanding that they are not on the Lloyds TSB Scotland list of approved lawyers?
You have a number of options available to you here:
  1. Carry on with your existing 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.
  2. Get a new solicitor to act in the purchase, obviously checking they are on the Lloyds TSB Scotland conveyancing panel.
  3. Convince your lawyer to do everything within their powers to join the Lloyds TSB Scotland conveyancing panel
My conveyancer has informed me that he requires personal identification documents asserting that this forms part of his obligations as a solicitor on the Lloyds TSB Scotland Solicitor panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that Lloyds TSB Scotland also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Lloyds TSB Scotland CML Handbook requirements last updated on Lloyds TSB Scotland
Whilst your website is a good idea there are many lawyers listed near Newcastle on the Lloyds TSB Scotland conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Lloyds TSB Scotland ?
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 trying to get my ex-husband taken off the mortgage deeds. Can Lloyds TSB Scotland really insist on which solicitor I can or can not use?
You can use any solicitor you like but Lloyds TSB Scotland then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Lloyds TSB Scotland solicitors panel
Do conveyancing solicitors on the Lloyds TSB Scotland conveyancing panel work on a no sale no fee 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 service
I am currently in the process of buying my council flat. I have a mortgage offer with Lloyds TSB Scotland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Lloyds TSB Scotland you will need to appoint a solicitor on the Lloyds TSB Scotland conveyancing panel.
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.