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approved by Tesco Bank
Ready to buy a new home? Failing to check that a lawyer is on the Tesco Bank list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Tesco Bank (a trading name of Tesco Personal Finance plc) Conveyancing Panel
Tesco Bank Conveyancing Panel : Questions and Answers
The conveyancer I had intended to instruct on a purchase said she would charge more if my lender is because of their difficult processes! Am I likely to be frustrated using Tesco Bank? Any comments will be appreciated
Tesco Bank conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Tesco Bank conveyancing panel. If they are not, this does add further risk of delay as Tesco Bank will appoint their own solicitors to look after their interest.
Please help. My solicitor is informing me me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the Tesco Bank solicitor panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with Tesco Bank 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 Tesco Bank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Tesco Bank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Are there any apps to help find a local solicitor on the Tesco Bank conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. 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 Tesco Bank solicitor panel.
I am trying to get my ex-wife removed the mortgage deeds. Can Tesco Bank really tell me which solicitor I can or can not use?
You can use any solicitor you like but Tesco 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 Tesco Bank solicitors panel
Do conveyancing lawyers on the Tesco Bank conveyancing panel work on a no sale no fee basis?
On the whole there are 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 package
I'm at the point of viewing apartments and now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Tesco Bank
You should start obtaining conveyancing quotes from solicitors ASAP. 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 Tesco Bank , make sure you remember to check that your lawyer is on the Tesco Bank conveyancing panel.
I was told two weeks ago that my mortgage has been agreed
to by Tesco Bank. Is it usual for Tesco Bank to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Tesco Bank to deal with your lawyers application to be on the Tesco Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.
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Transfer of Equity for Tesco BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors