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approved by Lloyds TSB Sct

Ready to buy a new home? Failing to check that a lawyer is on the Lloyds TSB Sct list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Lloyds TSB Scotland plc Conveyancing Panel

Examples of recent questions relating to the Lloyds TSB Scotland Conveyancing Panel

My Solicitor is not on the Lloyds TSB Scotland Approved Panel. Is it possible for me to use my family solicitor even though they are not on the Lloyds TSB Scotland panel?
You will need to have a conveyancer complete the legal work required when you take out a Lloyds TSB Scotland mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Lloyds TSB Scotland conveyancing panel additional costs will be incurred as separate legal representation will be required by Lloyds TSB Scotland. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
We are approaching an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Lloyds TSB Scotland. Apparently, being on the Lloyds TSB Scotland conveyancing panel and acting on their behalf he must inform Lloyds TSB Scotland if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the mortgage so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Lloyds TSB Scotland to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Lloyds TSB Scotland if you agree, failing which, your lawyer must cease to continue acting.
Whilst your website is a good idea there are many lawyers listed near Hackney on the Lloyds TSB Scotland conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Lloyds TSB Scotland ?
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. 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..
We're in Liverpool, First time buyers buying with a mortgage (lender is Lloyds TSB Scotland , but our solicitor is on the Lloyds TSB Scotland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds TSB Scotland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the Lloyds TSB Scotland conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I had an offer accepted on a property on the 6th February 2014, valuation was booked 3 days after, all came back fine. Conveyancer retained, so all that was missing 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. Are Lloyds TSB Scotland entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage 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.
After shopping around on the internet I have found a solicitor having checked that they are on the Lloyds TSB Scotland conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of house buying,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Lloyds TSB Scotland conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Lloyds TSB Scotland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds TSB Scotland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Lloyds TSB Scotland you could contact your them to see if they have a list of approved surveyors.