Q and A’s regarding the Ahli United Bank Solicitor Panel from members of the public
My property lawyer has never been on on the Ahli United Bank Solicitor Panel. Is it possible for me to continue with my preferred solicitor notwithstanding that they are not on the Ahli United Bank approved list?
You will need to have a conveyancer complete the legal work required when you take out a Ahli United Bank mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Ahli United Bank conveyancing panel additional costs will be incurred as separate legal representation will be required by Ahli United Bank. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
I am due to move into my new home next Monday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as as he informs me that he is duty bound to validate that it is in order for Ahli United Bank. What does the insurance need to cover?
All property lawyers on the Ahli United 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 Ahli United Bank’s Part 2 requirements of the CML Handbook (last updated on Ahli United Bank). Being on the Ahli United Bank conveyancing panel your lawyer is expect to follow these instructions.
Are the lawyers identified as being on the Ahli United Bank conveyancing panel, together with their details provided by Ahli United Bank?
The law firm practices themselves provide us confirmation that they are on the Ahli United Bank conveyancing panel as opposed to being supplied with a list from Ahli United Bank directly.
We're in Liverpool, First timers buying with a mortgage (lender is Ahli United Bank , but our solicitor is on the Ahli United Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Ahli United Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Do conveyancing lawyers on the Ahli United Bank conveyancing panel work on a no move no charge basis?
In the main there are no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their package
I have today made my last payment due on mortgage with Ahli United Bank. I assume I don't need a solicitor on the Ahli United Bank panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Ahli United Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Ahli United Bank mortgage from the register. Ahli United Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Ahli United Bank has sent the Land Registry the discharge electronically, and
the Ahli United Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Ahli United Bank mortgage has been paid off.
Sometime soon me and my wife are remortgaging a penthouse in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My agentrecommended that we check that the property lawyer in Hendon is on the Ahli United Bank list of approved conveyancing firms. Is this right?
Far from all Hendon conveyancing practices are on the Ahli United Bank conveyancing panel. Click here to locate a Hendon conveyancing solicitor on the on the Ahli United Bank solicitors pane.