Aldermore Bank Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the CML and PI insurers such as AmTrust. It is a unique risk management tool.

This system facilitates the way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Aldermore Bank’s changes. Even though using this technology is not a condition for being on the Aldermore Bank panel, demonstrating you can remain up to date with Aldermore Bank’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your firm’s panel status.

COMPLETIONmonitor generates real-time alerts, automatically produces regulatory and CQS reports, and will enhance your firm's efficiency. It is also user friendly, cost-effective and, for many firms, leads to reduced PII premiums.

Find a Law Firm approved by Aldermore Bank

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

A Timeline of Policy Changes


Since 2008, Aldermore Bank has made 159 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 17.2 days. In total, 32% of the sections of P2 of the UK Finance Lenders’ Handbook for Aldermore Bank have been changed since 15/12/2008.

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Aldermore Bank Solicitor Panel Example Support Desk Enquires from members of the public

A solicitor my fiance and I wanted to use for conveyancing on a purchase said she will levy higher legal fees if my mortgage is with Aldermore Bank due to their difficult processes! Will I regret using Aldermore Bank? Any comments will be appreciated
Aldermore 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 Aldermore Bank conveyancing panel. If they are not, this does add further risk of delay as Aldermore Bank will appoint their own solicitors to look after their interest.
I am due to complete my purchase next Tuesday. 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 Aldermore Bank. What does the insurance need to cover?
Any lawyer on the Aldermore 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 Aldermore Bank’s Part 2 requirements of the CML Handbook (last updated on Aldermore Bank). Being on the Aldermore Bank conveyancing panel your lawyer is expect to follow these instructions.
How do I search for a local solicitor on the Aldermore Bank conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Aldermore Bank solicitor panel.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Aldermore Bank conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Aldermore Bank. Is there anyway to cut out the solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Aldermore Bank involved you will need to appoint a solicitor on the Aldermore Bank conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Aldermore Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Aldermore Bank conveyancing panel.
My husband and I are at the point of viewing flats and now considering a potential offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a mortgage with Aldermore Bank
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Aldermore Bank , ask your prospective lawyers check they are on the Aldermore Bank conveyancing panel otherwise they can't do the mortgage legal work.
My existing mortgage is with Aldermore Bank. My father retired last week and wants to pay off my mortgage. After Aldermore Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Aldermore Bank conveyancing panel? I do not intend to live at the property once the Aldermore Bank mortgage is discharged.
You will need a solicitor but they need not be on the Aldermore Bank conveyancing panel. You will need a solicitor to draw up the transfer and to deal with the Land Registry formalities. The only thing you need to consider is that by selling at an undervalue so ask your lawyer about the implications. There could be an inheritance tax issue if you die within 7 years of this. There's no capital gains tax for you as it is your main residence.