Looking for information about your firm's panel status?
Lloyds Conveyancing Panel: Recently Asked Questions
Is it true that the Law Society has advised that firms check their status on the
Lloyds conveyancing panel?
The Law Society of Scotland has advised that solicitors should check their lender panel status before accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
Lloyds conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include moneysavingexpert.com
Given my firm’s membership on the Lloyds conveyancing panel how long am I obliged to keep hold of the complete conveyancing file?
The CML Part II requirements of
Lloyds are silent on this. Most lenders deal with the question of file retention via their Terms and Conditions where they generally provide that for evidential purposes, the firm must keep the file for at least of 6 years from the date of the mortgage. Data imagining is normally
suitable compliance with this requirement. Many lenders point out in
that it is the practice of some fraudsters to demand the conveyancing
file on completion in order to destroy evidence that may later be
used against them. It is therefore important to retain these
documents to protect Lloyds’s interest. To be
absolutely sure of Lloyds requirements in this regard
please check the Terms and Conditions of Lloyds’s
conveyancing panel acceptance.
Do lenders such as
Lloyds engage a separate conveyancing panel for buy to let mortgages?
Most lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with
Lloyds as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from
Lloyds we suggest that you call
Lloyds to check the position.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on the majority of approved panels including the
Lloyds conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Do I disclose these these Terms ?
The key here is the caveat ‘more onerous’.
You have to try and take an objective view as to whether the Terms relating to the
Lloyds conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.
I have been a sole practitioner for over 30 years without a single claim against me and have been refused acceptance on the
Lloyds conveyancing panel with no explanation. Am I not entitled to a reason?
For most lenders participation on the lender's panel of conveyancers is at the absolute discretion of the the lender. Many lenders reserve the right to accept or reject any application without giving any reason. You should check your original application to join the
Lloyds conveyancing panel to see if you are entitled to a reason.
Lockton’s PII renewal form asks if my firm had been excluded from any mortgage panels in the last year.
I recently found out that the practice is no longer on the
Lloyds solicitor panel? Is this likely to effect my insurance?
Your insurance brokers are your best port of call to address this question.
The chances are that on the basis that you have not been removed for
fraud or negligence reasons that there will be little or no
impact. The main reason why a firm would be removed off of a lender
panel is due to low volume of conveyancing cases although there may be
a number of criteria for Lloyds solicitor panel
membership. Please remember that it is always important that you
complete your insurance forms accurately.
My firm is listed on the
Lloyds
conveyancing panel and due to complete a remortgage shortly. I can not locate a Legal Charge for the client to execute.
Who do I contact at Lloyds to request substitute deeds?
You should get in touch with Lloyds
to obtain standard documents. The The Council of Mortgage Lenders Handbook has an express section for banks to set out who to contact to obtain standard documents.
Lloyds in their Part 2’s state:
Please remember to quote your Lloyds conveyancing panel number.
Find a Lawyer on the Lloyds Solicitors Panel
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Average number of days to register title including a charge in favour of Lloyds
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Lloyds Firms
- Draft Report on Title precedent for Lloyds borrowers
- Draft Anti Money Laundering PolicyTemplate for Lloyds panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Lloyds lender panel
- Buy-to-Let help for Lloyds
- Consent-to-Let help for Lloyds
- Contractor Mortgages with Lloyds
