Find an Approved Solicitor on the Lloyds TSB Scotland plc
Examples of recent questions relating to the Lloyds TSB Scotland Conveyancing Panel
What is the rationale as to why all solicitors are not on the Lloyds TSB Scotland Conveyancing panel?
Before the recession most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
Our grandson is in the process of securing a newly built flat with a home loan from Lloyds TSB Scotland. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds TSB Scotland conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Lloyds TSB Scotland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
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 10 miles to meet the conveyancer.
You can use 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 Lloyds TSB Scotland solicitor panel.
I am considering refinancing my apartment does my lawyer have to be on the Lloyds TSB Scotland Solicitor panel?
In theory, you could use a solicitor that is not on Lloyds TSB Scotland conveyancing panel, but Lloyds TSB Scotland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Lloyds TSB Scotland conveyancing panel requirements are different to Lloyds TSB Scotland’s conveyancing panel requirements.
The for formalities of my purchase has taken place with a mortgage from Lloyds TSB Scotland. Conveyancing was satisfactory but I would like to complain about Lloyds TSB Scotland. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the Lloyds TSB Scotland branches or the Customer Care Department at Lloyds TSB Scotland head office. Ordinarily complaints to Lloyds TSB Scotland are resolved very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service
who will take matters further.
I had an offer accepted on a property on the 17th February 2014, valuation was booked 3 days after, received a clean bill of health. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Lloyds TSB Scotland and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Lloyds TSB Scotland conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds TSB Scotland to deal with your lawyers application to be on the Lloyds TSB Scotland conveyancing panel. There's no guarantee that your solicitors will be accepted.