Lloyds TSB Scotland Conveyancing Panel Information

We are not aware of any intention on the part of the CML to develop such a search facility.

The criteria to join the Lloyds TSB Scotland conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

Lloyds TSB Scotland approved panel lawyers have to comply with the Part II instructions relating to Transfer of Equity. These are set out in Section 16.3. First, your firm must approve the form of Transfer of Equity (which should be in the Land Registry's standard form) and, if Lloyds TSB Scotland require, the deed of covenant on their behalf. You will need to check Lloyds TSB Scotland CML Part 2 conditions to see if Lloyds TSB Scotland have standard forms of transfer and deed of covenant. Please note that this requirement can change from one transaction to another so do check! Second,When drafting or approving a transfer, you should bear in mind that: although the transfer should state that it is subject to the mortgage (identified by date and parties), it need give no details of the terms of the mortgage; the transfer need not state the amount of the mortgage debt. If it does, the figure should include both principal and interest at the date of completion, which you must check ; there should be no statement that all interest has been paid to date. Further obligations are set out in the UK Finance Lenders’ Handbook which have to be followed by all firms on the Lloyds TSB Scotland conveyancing panel

13 consumers attempt to locate a solicitor on the Lloyds TSB Scotland panel every 4 weeks in Hendon. Feel free to contact the Lexsure team who will tell how your firm can be found by those searching for conveyancing in Hendon.

CQS membership is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to remain on their panels. A number of mortgage companies now use the scheme as the starting point for Panel acceptance such as Astra Mortgages.

You should get in touch with Lloyds TSB Scotland to obtain standard documents. The The Council of Mortgage Lenders Handbook has an individual inquiry for lenders to reveal who to contact to obtain standard documents. Lloyds TSB Scotland in their Part 2’s state: You will need to disclose your Lloyds TSB Scotland solicitors panel number.