What is a TSB lender conveyancing panel?
Your mortgage lender (in this case TSB) will have an approved list of solicitor firms that they encourage you to use for your conveyancing. This is because those solicitors fit the criteria that TSB sets, and they are all firms they trust. This is to try and reduce the chance of any complications with your purchase or remortgage.
What happens if I don’t choose a conveyancing solicitor who is on a managed panel?
If you decide to use a conveyancing solicitor that isn’t on the TSB conveyancing panel then you may need to pay for their legal representation as well which would result in spending hundreds of pounds more than you budgeted for.
By using a solicitor that is on their panel, you won’t need to pay for separate legal representation for both yourself and your mortgage lender.
How do I know if my solicitor is on the panel?
The easiest way to check whether your chosen solicitor is on the TSB approved conveyancing panel is to submit the solicitor to the bank or ask your mortgage advisor. You can also check the TSB website to see if they have an updated list of their approved panel.
How do I find a solicitor on the TSB lender conveyancing panel?
The easiest way to find a trusted, experienced conveyancing solicitor or licensed conveyancer is to get a quote using reallymoving’s quick quote form. You’ll be sent quotes from up to 4 conveyancing firms in your area. Of these, you can check directly who is registered with the TSB lending panel, or ask your mortgage provider.
Frequently Asked Conveyancing Questions
How much does a conveyancing solicitor cost?
According to reallymoving data, the
average cost of conveyancing services is around £2,038 including fees and disbursements.
Is it better to go with a local conveyancing solicitor?
No! though you may personally prefer to use a local solicitor, conveyancing can be carried out form anywhere, so don’t be concerned about choosing a solicitor from further away.
How do I find the best conveyancer?
When
comparing solicitors or conveyancers to choose the one that’s right for you, consider factors such as their legal accreditations, client reviews, and experience within your local property market, as well as their fees.
Do all solicitors charge the same for conveyancing?
No, not all solicitors will charge the same so it’s important to compare firm’s fees. Remember, you can choose a conveyancing solicitor from anywhere, they don't have to be local.
What is the difference between a conveyancer and a solicitor when buying a house?
Both
solicitors and conveyancers are fully trained to handle conveyancing, so it doesn’t matter which you choose to use. The difference is that solicitors will likely cover other legal fields in addition to conveyancing, whereas for conveyancers it’s their specialist service that they have exclusively trained in.
Are conveyancers cheaper than solicitors?
Generally, licenced conveyancers are cheaper than conveyancing solicitors as they focus solely on property law, and solicitors will cover a broader range of disciplines. However, both are suitable for the job and prices can vary between all firms. So compare which is best for your needs.
Do solicitors need to see bank statements when buying a house?
When buying a property you’ll, need to
submit many documents to prove your ID and income, which includes bank statements.
How often should you chase your solicitor when buying a house?
Your solicitor should be available to contact throughout the process and should be regularly updating you. Don’t be afraid to reach out to them whenever you have questions or concerns. That’s what you’re paying them for.
Reallymoving is a comparison site that allows you to find conveyancing solicitors for your house move or remortgage. We are not affiliated with TSB and are not on the TSB conveyancing panel ourselves. We cannot guarantee that every solicitor quoted by us will be on the TSB panel, so be sure to ask when contacting your chosen solicitor.
For solicitors wishing to join the TSB panel, you must go to the bank directly.