FAQs : The Aldermore Bank Solicitor Panel
from members of the public
Can you please explain the reason why all solicitors are not on the Aldermore Bank Solicitor panel?
Even though it may seem unfair for Aldermore Bank to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Aldermore Bank have restricted their conveyancing panel to a size that they are happy to control. The Aldermore Bank conveyancing panel is not the most restricted
Much to my surprise my property lawyer is asking me for personal identification documents stating that this is part of his legal duty as a conveyancer on the Aldermore Bank Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that Aldermore Bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with Aldermore Bank CML Handbook requirements last updated on Aldermore Bank
I note that you have a post code search directory listing law firms on the Aldermore Bank conveyancing panel. Do firms pay you a referral fee if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore Bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am trying to get my ex-husband taken off the mortgage deeds. Can Aldermore Bank really insist on which solicitor I can or can not instruct?
You can use any solicitor you like but Aldermore Bank then has the right to appoint a different solicitor to act for them at your expense. It might be more cost effective and quicker to instruct a lawyer who is on the Aldermore Bank solicitors panel
Can you point me to a directory of Aldermore Bank panel conveyancers on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available online.
My brother and I have had an offer accepted on a apartment I spoke to a lawyer previously used by my mum and he advised retaining a law firm approved by Aldermore Bank. The estate agent recommended two local firms so I asked Aldermore Bank if the 2 suggested solicitors are approved, which they are not. Aldermore Bank suggested that either firm can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Aldermore Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Aldermore Bank to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Aldermore Bank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Aldermore Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Aldermore Bank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
Intending to buy a flat with a mortgage with Aldermore Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Aldermore Bank conveyancing panel