Q and A’s regarding the Tandem Bank Solicitor Panel
from members of the public
Am I correct in assuming that the fact that my conveyancer is not isted on the Tandem Bank Solicitor panel that there is a problem with the quality of her conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 3 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Tandem Bank.
We are due to exchange on the purchase a house but as a result of damage from the recent storms I have agreed compensation from the seller of £3k approx by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process but my mortgage company Tandem Bank will not agree to this. Why was Tandem Bank even consulted?
Your lawyer being on the Tandem Bank conveyancing panel is duty bound to inform Tandem Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Tandem Bank then they would have to discontinue acting for you and Tandem Bank.
I note that you have a post code search directory listing law firms on the Tandem Bank conveyancing panel. Do firms pay you a referral fee if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Tandem Bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am attempting to get my ex-wife taken off the mortgage deeds. Can Tandem Bank really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Tandem Bank 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 Tandem Bank solicitors panel
My fiance and I are at the point of looking at flats and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a mortgage with Tandem Bank
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Tandem Bank , ask your prospective lawyers check they are on the Tandem Bank conveyancing panel otherwise they can't do the mortgage legal work.
My existing mortgage is with Tandem Bank. My uncle has just retired and wants to pay off my mortgage. After Tandem Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Tandem Bank conveyancing panel? I do not intend to live at the property once the Tandem Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Tandem Bank panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
I recently had an offer accepted on a house. My mortgage broker pressured me to appoint their lawyers I paid an upfront payment of 175. Soon after the conveyancers contacted me to say that they were not on the Tandem Bank 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 Tandem Bank 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.