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approved by Tesco Bank

Ready to buy a new home? Failing to check that a lawyer is on the Tesco Bank list of approved solicitors can put your transaction at risk of delay or failure.

Find an Approved Solicitor on the Tesco Bank (a trading name of Tesco Personal Finance plc) Conveyancing Panel

FAQs : The Tesco Bank Conveyancing Panel

A lawyer my husband and I had intended to instruct on a purchase said she would charge more if my mortgage is with Tesco Bank due to their difficult processes! Am I likely to be frustrated using Tesco Bank? Is Tesco Bank conveyancing so much more difficult?
Tesco Bank conveyancing requirements for their panel are no better or no more complicated than most lenders. It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender. It is not clear if your lawyer is on the Tesco Bank conveyancing panel. If they are not, this does add further risk of delay as Tesco Bank will appoint their own solicitors to look after their interest.
I am due to complete my purchase next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Tesco Bank. What does the insurance need to cover?
All property lawyers on the Tesco Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Tesco Bank’s Part 2 requirements of the CML Handbook (last updated on Tesco Bank). Being on the Tesco Bank conveyancing panel your lawyer is expect to follow these instructions.
I note that you have a post code search directory listing firms on the Tesco Bank conveyancing panel. Do firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Tesco Bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am buying a semi-detached house and getting a mortgage with Tesco Bank. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Tesco Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Tesco Bank conveyancing panel in your location.
Last month we had a mortgage agreed in principle with Tesco Bank. Solicitors have been chosen? What is the average time that one could expect to receive a mortgage offer from Tesco Bank?
There is no definitive answer here. Have Tesco Bank completed the valuation? Have you advised Tesco Bank as your lawyers details and checked that your lawyer is on the Tesco Bank conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Tesco Bank be concerned
Given that your lender is Tesco Bank your lawyer must to check the Tesco Bank conveyancing instructions contained in the Part of CML Handbook for Tesco Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Tesco Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
I have instructed a lawyer having checked that they are on the Tesco Bank conveyancing panel. Does my lawyer arrange the survey of the property? Or I've digested plenty of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Tesco Bank conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Tesco Bank will need an independent valuation of the property. Your lawyer will not arrange this. Usually Tesco Bank will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Tesco Bank you could contact your them to see if they have a list of approved surveyors.