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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.
Find an Approved Solicitor on the TSB plc Conveyancing Panel
Examples of recent questions relating to the TSB Solicitor Panel
A solicitor my fiance and I wanted to use for conveyancing on a remortgage said she would charge more if my mortgage is with TSB because of their difficult processes! Am I likely to be frustrated using TSB? Any comments will be appreciated
TSB conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the TSB conveyancing panel. If they are not, this does add further risk of delay as TSB will appoint their own solicitors to look after their interest.
can you help? My conveyancer is informing me me that he is legally obliged to apply for a Local Authority search stemming from the fact that the firm are on the TSB solicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with TSB your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of TSB’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated TSB. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Is it necessary during the course of the conveyancing process to attend the offices of the TSB conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Newcastle
so that I can attend their offices if necessary.
As opposed to 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Newcastle
.
I am thinking of refinancing my flat does my lawyer need to be on the TSB Conveyancing panel?
There is nothing to stop you using your solicitor but TSB will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Is the case that all CQS (Conveyancing Quality Scheme) solicitors on the TSB conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
Are all solicitor practices on the TSB conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the TSB 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).
Do most banks operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the TSB conveyancing panel requirements are different to TSB’s conveyancing panel requirements.