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 we have a range of Hassle Free Mortgages which can help take the stress out of buying your first home, moving or remortgaging - we’ll pay your basic legal and valuation fees and arrange your mortgage 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.
You could lose your home if you don’t keep up your mortgage repayments
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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.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
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