Ahli United Bank Conveyancing Lender Panel Compliance Tool

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Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and PI insurers. COMPLETIONmonitor is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can remain fully compliant with their instructions, with automatic updates on Ahli United Bank’s changes. While using COMPLETIONmonitor is not a prerequisite for Ahli United Bank , demonstrating you can stay up to date with Ahli United Bank’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, safeguard your panel standing.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will improve your firm's efficiency. It is also simply to use, cost-effective and, for many firms, leads to a PII saving.

Find a Law Firm approved by Ahli United Bank

Lenders frequently vary their requirements. The UK Finance Lenders’ Handbook requirements from Ahli United Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Ahli United Bank has made 20 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 136.5 days. In total, 10% of the sections of P2 of the UK Finance Lenders’ Handbook for Ahli United Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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.

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