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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 Solicitor Panel Example Support Desk Enquires
I need to swap lawyers as my lawyer is not on the Tesco Bank panel of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
I am due to complete my purchase next Friday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Tesco Bank. What risks do Tesco Bank expect the insurance to cover?
All property lawyers on the Tesco Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Tesco Bank’s Part 2 requirements of the CML Handbook (last updated on Tesco Bank). Being on the Tesco Bank conveyancing panel your lawyer is expect to follow these instructions.
I have been looking for online conveyancing estimates. Can I be assured that all the practices that are identified on your directory are on the Tesco Bank conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Tesco Bank panel and agreed to advise us to take down their listing in the event of removal off of the Tesco Bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Tesco Bank conveyancing panel is not accurate.
The firm that I recently instructed on my purchase in Newcastle has suddenly shut down. I chose them because I needed a firm on the Tesco Bank conveyancing panel and my preferred lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Tesco Bank conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist
I have today made my last payment due on mortgage with Tesco Bank. I assume I don't need a solicitor on the Tesco Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Tesco Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Tesco Bank mortgage from the register. Tesco Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Tesco Bank has sent the Land Registry the discharge electronically, and the Tesco Bank has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Tesco Bank mortgage has been paid off.
I have decided to exercise my right to buy my property off the council. I have a mortgage agreed 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.
I am selling my flat. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Tesco Bank are being a right pain. The solicitor who is on the Tesco Bank conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Tesco Bank are requiring a building regulation certificate. Why do Tesco Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Tesco Bank have referred the matter to their valuer. The reason why Tesco Bank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.