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Lloyds Bank Conveyancing Service
Whether you’re buying or selling a home, or releasing equity from a property that you currently own, you’ll need to appoint a conveyancer to carry out the legal work for you.
Remember that if you are remortgaging to us, we'll pay your basic legal fees for you.
Find and compare conveyancing quotes
A conveyancer will take care of the legal work for you when buying or selling a home. Our conveyancing service compares quotes from a comprehensive nationwide panel.
You can compare conveyancers based on:
- Service rating – View customer ratings of different firms –they need at least an 80% approval rating to stay on our panel.
- Cost – All quotes will show the fees for buying, selling or raising capital, so you can budget for a conveyancer.
- Location – If you’d prefer to find a conveyancer who’s local, you can search by area.
Using the Lloyds Bank Conveyancing Service isn’t a requirement of applying for a mortgage with us. Inclusion of a firm on our Conveyancing panel does not constitute a recommendation or endorsement from Lloyds Bank.
What is conveyancing?
A conveyancer is a type of solicitor who helps people buy or sell a home. When you get a mortgage, you’ll need a conveyancer to sort out the legal stuff.
They will:
- Act on your behalf to draw up contracts, deal with the Land Registry and perform local searches.
- Tell you how much Stamp Duty you need to pay.
- Transfer your deposit to the seller and exchange contracts to help you secure legal ownership of the house.
Why choose us?
- Get a range of quotes from a comprehensive nationwide panel - saving you time obtaining individual quotes from various companies.
- Compare by customer rating, cost or location - flexibility to compare conveyancers based on what's important to you.
- No completion, no legal fee guarantee* - if the purchase or sale doesn’t go ahead, the conveyancer won’t charge you a legal fee.
- Track the progress of your case online 24/7 - our case tracking facility allows you to view the progress of your case at any time and leave notes or questions for your conveyancers from the comfort of your home.
- Receive email alerts and SMS updates - receive an automated email or text update when certain steps have been completed.
- UK based helpdesk open 7 days a week - we offer a specialist UK based team to help you with any queries seven days a week!
*except disbursements incurred on your behalf, such as search fees etc.
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1. Legal work
One of the first jobs a conveyancer will do is ask the seller’s solicitor for a copy of the draft contract. They will go through this with a fine-tooth comb and raise any concerns or questions you may have.
2. Searches
The next step is a set of legal searches. These look at the finer details of the house and can include:
- Local authority search –such as plans for new roads which could cause an issue with the house.
- Land Registry – to check the seller owns the house.
- Water and utility search – to find out how you get your water, gas, and electricity.
- Environmental search – this covers landfill sites and any risk of flooding.
3. Your mortgage
While these searches are being done, you can get your mortgage ready. The conveyancer will go through the terms of your mortgage for you. At this stage you’ll book a valuation, surveys and arrange Home Insurance.
4. Sign and exchange the contracts
Your conveyancer will make sure all enquiries are answered and a completion date has been set.
They will check that you are able to transfer the deposit to them, so it can be cleared. You can then sign the contract and they will exchange it with the seller for you.
5. Completion day
In the run up to your completion day, your conveyancer will pay the seller the deposit and apply to the Land Registry to swap the house deeds to your name. Once this is done, you’re ready to move in.
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