Looking for information about your firm's panel status?
Lloyds Solicitor Panel: Recently Asked Questions
Does the fact that my practice receives Alerts via this site help in my application to join the Lloyds solicitor panel?
The criteria to join the Lloyds conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
Can you recommend what we should do if we wish to lodge an appeal being removed from the
Lloyds conveyancing panel?
If you are removed from the
Lloyds conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact
Lloyds directly. (b) If there is an appeals process detailed on your letter you should follow the process.
In appealing a decision by Lloyds, it may be useful to provide the following information:
- Full account of your firm’s transaction history
- A copy of your COMPLETIONmonitor reports if you use that service
- Your recent claims history
- comprehensive details of all staff in your practice and their role.
- Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
- Provide copy practising certificates, the firm's current professional indemnity policy and the firm’s accountant's certificate, calculating what percentage of the firm's gross fee income is resulting from residential conveyancing
On appeal some firms have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. Success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm is well risk-managed.
My practice have never been on the
Lloyds conveyancing panel as well other banks.
My clients, who have applied for 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?
You need to be careful here as what you are intending 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. Lenders such as Nationwide BS 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 conveyancing firm.
You also need to make the costs implications and potential for delay very clear to your client.
My firm is on the
Lloyds conveyancing panel. I am dealing with
Lloyds mortgage on a purchase. My borrower client is asking not to disclose an issue to
Lloyds. What do I do in this conflict situation?
When a solicitor is acting for both
Lloyds and borrower there is potential for conflicts
to arise. You owe duties to both clients. All information received by
you from your client is confidential and cannot be disclosed without
the client’s consent. In the situation you find yourself in if the
purchaser will not consent to the information being passed on to the
lender the solicitor must cease to act for the Lloyds
and it may well be prudent you to cease to act for the purchaser as
well. You can not tell the Lloyds the reason for
termination of the retainer over and above the fact that a conflict
has arisen. The fact that you can no longer act should alert even the
most somnambulistic of lenders that something is wrong with the
borrower and/or purchase. The fact that you have disinstructed
yourself should not affect your Lloyds conveyancing
panel status.
Lockton’s PI Insurance renewal form enquires if my firm had been excluded from any mortgage panels in the last 12 months.
I recently found out 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.
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 sign.
Who do I contact at Lloyds to obtain duplicate documents?
You would be advised to communicate with Lloyds
to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates a specific inquiry for lenders to set out who to contact to obtain standard documents.
Lloyds in their Part 2’s state:
Don’t forget to quote your Lloyds conveyancing panel reference.
Find a Lawyer on the Lloyds Conveyancing Panel
powered by LenderPanel
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
