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Lloyds Conveyancing Panel: Recently Asked Questions
I am on the Lloyds conveyancing panel. Can I get an archived copy of a Lloyds Part 2 from the CML?
The CML do not hold data sets of P2 conditions Pre January 2011. The CML advise that you make a request of Lloyds directly.
Can a firm register a complaint to the Council of Mortgage Lenders about being removed from the Lloyds conveyancing panel?
The Council of Mortgage Lenders is an association rather than a regulator and therefore will not advise on grievances against lenders. You can of course contact Lexsure to see if we can help.
A long standing client of my firm is buying a detached house for £700,000 in Leeds requiring a mortgage advance over GBP 500k.
I am on the
Lloyds conveyancing panel but do Lloyds have a separate approved panel when a mortgage is above 350k?
Lexsure only know of two or three lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain amount.
You should nevertheless check directly with
Lloyds. At one stage HSBC would only allow Sole
practitioners to act for them where the mortgage was below
£150,000. We are not sure if HSBC still operate such a condition. In
your case it is best to check with Lloyds
My firm is not on the
Lloyds conveyancing panel as well other lenders.
My clients, who are getting a mortgage with Lloyds still want me to act for them regardless of the fact that we are not on the
Lloyds panel. Am I doing anything wrong is suggesting to my client that they use a firm down the road to act for
Lloyds on mortgage aspect of the conveyancing?
Please tread carefully here as what you are proposing may not be acceptable to the mortgage company.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer.
You also need to make the costs implications and potential for delay very clear to your client.
In conducting leasehold due diligence do
Lloyds conveyancing panel lawyers have to consider if there is a missing freeholder?
Assuming that your practice in is on the
Lloyds conveyancing panel and you are instructed by them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If
Lloyds are to lend, they may require indemnity insurance. In any event,you will need to check
Lloyds’s specific requirements. Notwithstanding whether
Lloyds will lend in such circumstances you still need to advise the borrower (unless you are acting for
Lloyds alone) as to the risks of buying a property with an insolvent or absentee freeholder.
JLT’s PI Insurance renewal form enquires if my firm had been excluded from any bank panels in the last 12 months.
I just discovered that the practice is no longer on the
Lloyds solicitor panel? Will that impact 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.
I am on the
Lloyds
conveyancing panel and due to complete a remortgage within the next week. I can not locate a Legal Charge for the client to execute.
Who do I contact at Lloyds to obtain duplicate documents?
You would be advised to contact Lloyds
to obtain standard documents. The The Council of Mortgage Lenders Handbook includes a specific section for banks to cite who to contact to obtain standard documents.
Lloyds in their Part 2’s state:
It helps to disclose the firm’s Lloyds solicitors panel number.
Find a Lawyer on the Lloyds Conveyancing 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* |
---|---|
2025 | [no data] |
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
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