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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.
Looking for information about your firm's panel status?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
TSB Conveyancing Panel Recently Asked Questions
For what reasons would a firm of solicitors be excluded from the TSB solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been excluded from a lender panel. The most common reasons in order are :
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by TSB
I am buying a newly constructed apartment and my lawyer is telling me that she has to disclose incentives from the builder as her firm is on the TSB conveyancing panel. I am under pressure to exchange contracts and my preference is not to delay matters. Can I insist on an exchange regardless of what my lawyer says about being on the TSB panel?
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 planning to acquire a house and require a conveyancing solicitor in Newcastle who is on the TSB conveyancing. Could you point me in the right direction as regards a firm?
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.
My solicitors in London have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with TSB. Is it case that being on the TSB conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the TSB Conveyancing Panel Terms. It might be worth you contacting TSB directly.
We expect to receive a DIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the TSB recommend a solicitor on the TSB conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and the TSB through the process.
It is not clear whether my mortgage offer requires a lease extension . I have called TSB on various occasions and was told they are content with the situation and they would lend. My solicitor - who is on the TSB conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for TSB. Unless your lawyer obtains specific confirmation in writing that TSB will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask TSB to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
I recently had an offer accepted on an apartment. My financial adviser pressured me to appoint their lawyers I paid an upfront payment of 175. Soon after the conveyancers contacted me sheepishly admitting that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.