Tesco Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This system optimises the way you can prove to lender panels that you are, and can remain fully compliant with their instructions, with alerts on Tesco Bank’s changes. Notwithstanding that using this technology is not a prerequisite for Tesco Bank , demonstrating you can remain up to date with Tesco Bank’s Handbook requirements is an excellent support to your panel application and, just as importantly, safeguard your firm’s panel status.

The software creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. It is also simply to use, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Tesco Bank

Lenders frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Tesco Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Tesco Bank has made 219 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 12.5 days. In total, 26% of the sections of P2 of the UK Finance Lenders’ Handbook for Tesco Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
14.2.1 05/12/2017 CML
14.2.2 05/12/2017 CML
5.14.1 12/10/2017 CML
1.11b 01/02/2016 CML
16.1.1 01/02/2016 CML
16.3.2 01/02/2016 CML
16.3.4 01/02/2016 CML
16.4.1 01/02/2016 CML
16.5.3b 01/02/2016 CML
1.15 16/06/2015 CML

Last update 08/07/2019

Tesco Bank Conveyancing Panel : Questions and Answers from members of the public

My fiance and I are novices when it comes to buying a property. Within the last couple of days our property lawyer has forwarded the sale agreement to sign with a detailed report in anticipation of exchanging contracts shortly. Tesco Bank have this afternoon contacted us to advise us that there is now an issue as our solicitor is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.

In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitors should contact Tesco Bank and see if they can apply for membership of the Tesco Bank conveyancing panel, but if that is not viable Tesco Bank will instruct their own solicitors to act. You don't have to instruct a firm on the Tesco Bank conveyancing panel and you may continue to use your own solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.

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 Tesco Bank will not agree to this. Why was Tesco Bank even consulted?
Your lawyer being on the Tesco Bank conveyancing panel is duty bound to inform Tesco Bank of any changes to the purchase price. If you were to refuse your lawyers to disclose the reduction to Tesco Bank then they would have to discontinue acting for you and Tesco Bank.
Your search tool is useful but there are many lawyers listed near Hackney on the Tesco Bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Tesco Bank ?
We are not in the business of recommending one firm above another 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. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
My uncle passed away last year and as sole heir and executor was left the property. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Tesco Bank , pay off the mortgage etc. Is this allowed?
If you intend to re-mortgage then Tesco Bank will insist on your using a conveyancer on the Tesco Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Tesco Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Tesco Bank mortgage is registered as a charge at the Land Registry.
My husband and I are at the point of looking at flats and now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a home loan with Tesco Bank
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Tesco Bank , make sure you remember to check that your lawyer is on the Tesco Bank conveyancing panel.
I have decided to exercise my right to buy my property off the council. I have a mortgage offer with Tesco Bank. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Tesco Bank you will need to appoint a solicitor on the Tesco Bank conveyancing panel.
My ex -wife’s name is on the Tesco Bank 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 Tesco Bank mortgage in order to sell?
As regards the Tesco Bank 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 Tesco Bank 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.