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approved by TSB
Ready to buy a new home? Failing to check that a lawyer is on the TSB list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the TSB plc Conveyancing Panel? How can my firm be reinstated onto the TSB plc Conveyancing Panel?Find an Approved Solicitor on the TSB plc Conveyancing Panel
Frequently asked questions relating to the TSB Conveyancing Panel
My IFA has asked me for my solicitor’s panel reference for the TSB conveyancing panel. Can you suggest how I find this out. I have tried my local TSB branch but they have not responded to me.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the TSB panel reference.
I am buying a new build apartment and my lawyer is telling me that she has to reveal incentives from the seller as her firm is on the TSB conveyancing panel. I am on a tight deadline to exchange and I dont want to prolong deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the TSB approved panel is to comply with the CML Handbook requirements (last updated for this lender on TSB). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am looking to buy a house and require a conveyancing solicitor in Birmingham who is on the TSB solicitor. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don’t recommend any particular firm.
I was scheduled to complete on my dream home yesterday. My lawyer’s firm is on the TSB solicitors panel but has changed address 8 weeks ago and had not informed TSB of their new address. TSB is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local TSB branch or your mortgage broker to see if they can assist.
When it comes to mortgage companies such as TSB do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
In what circumstances might TSB amend or withdraw their mortgage offer?
Lenders such as TSB can revoke their mortgage offer although this rarely happens. If TSB withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a few examples:
- TSB may amend or withdraw an offer if the TSB conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
- Many mortgage offers have an expiry date. Your lawyer should check this. TSB may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
- If the financial circumstances of the borrower have changed to the detriment and the TSB has been notified
- A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
- Where the sale is not at arms length for value to unconnected persons
I have a mortgage with TSB. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
Your original mortgage agreement with TSB will provide that you need their approval in advance of renting your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel firm.
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Transfer of Equity for TSBPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors