Tandem Bank Conveyancing Panel Information

We only know of two or three lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain level. You should nevertheless check directly with Tandem Bank. 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 Tandem Bank

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 Tandem Bank conveyancing panel to see if you are entitled to a reason.

Given that your practice in is on the Tandem Bank conveyancing panel and you are acting for 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 Tandem Bank are to lend, they may require indemnity insurance. In any event,you will need to check Tandem Bank’s specific requirements. Notwithstanding whether Tandem Bank will lend in such circumstances you still need to advise the borrower (unless you are acting for Tandem Bank alone) as to the risks of buying a property with an insolvent or absentee landlord.

We would recommend that you supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your application but gives the CQS team viability as to what has happened.

You need to contact Tandem Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an individual question for lenders to establish who to contact to obtain standard documents. Tandem Bank in their Part 2’s state: It is likely that you will need to quote the firm’s Tandem Bank solicitors panel reference.