Tandem Bank Conveyancing Panel Information

The fact of the matter is that estate agents will be suffering if their clients start out on the buying process using a solicitor who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors .

We only know of two or three banks that operate a separate conveyancing 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

One might ordinarily expect Tandem Bank via their Part Two conditions to address this but the Handbook makes no mention on time frames. You need to look at the Terms of Tandem Bank’s Conveyancing Panel Appointment that you are bound by. For a number of banks these Terms have a clause such as: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is imperative to keep Tandem Bank informed. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

The majority of 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 Tandem Bank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Tandem Bank we suggest that you call Tandem Bank to check the position.

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 adversely impact your firm’s application but gives the Law Society viability as to what has happened.

You would be advised to get in touch with Tandem Bank to obtain standard documents. The CML Handbook has an express inquiry for banks to cite who to contact to obtain standard documents. Tandem Bank in their Part 2’s state: Always remember to disclose the firm’s Tandem Bank solicitors panel number.