Find a Law Firm
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
Examples of recent questions relating to the Tesco Bank Conveyancing Panel
I am obtaining a mortgage offer from Tesco Bank. my intention is to enlist the help of a Licensed Conveyancer. Does the Tesco Bank Conveyancing panel allow for conveyancers regulated by the CLC
Tesco Bank’s approved solicitor list is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
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.
I have been looking for competitive conveyancing fees. Can I be assured that all the law firms that are identified on your directory are on the Tesco Bank conveyancing panel?
The law firms 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 incorrect.
We're in Wales, First timers purchasing with a mortgage (lender is Tesco Bank , but our lawyer is on the Tesco Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Tesco Bank 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 it true that all solicitor practices on the Tesco Bank conveyancing panel regulated by the SRA?
As solicitors, in order to be on the Tesco Bank conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
I am currently in the process of buying my council flat. I have a mortgage offer with Tesco Bank. Conveyancing is not something I have any knowledge of. 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.
After shopping around on the internet I have found a solicitor having checked that they are on the Tesco Bank conveyancing panel. Does my lawyer arrange the survey of the property?
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Having 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 Tesco Bank conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Tesco Bank will need an independent valuation of the property. Your lawyer will not arrange this. Usually Tesco Bank 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.
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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 Tesco Bank you could contact your them to see if they have a list of approved surveyors.