Aldermore Bank Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers such as AmTrust. COMPLETIONmonitor is a unique risk mitigation 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. While using COMPLETIONmonitor 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 an excellent support to your panel application and, more importantly, protect your firm’s panel standing.

The software creates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in a PII saving.

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, over time:

A Timeline of Policy Changes

Since 2008, Aldermore Bank has made 127 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 21.5 days. In total, 30% 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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Recent Changes Include

# Date Assoc. Changes Related To
10.2b 27/05/2019 CML
6.6.4 01/05/2017 CML
6.7.1 28/03/2017 CML
5.1.1 07/09/2016 CML
7.3 04/03/2016 CML
1.11a 23/02/2016 CML
14.2.1 22/02/2016 CML
5.1.1 22/02/2016 CML
14.1.5 08/02/2016 CML
5.14.1 28/06/2015 CML

Last update 05/11/2019

Common questions asked concerning the Aldermore Bank Conveyancing Panel from members of the public

I instructed a law firm to carry out on my house purchase three weeks ago having applied for a mortgage with Aldermore Bank. The law firm confirmed to me that they are on Aldermore Bank conveyancing panel and provided me their panel number. Aldermore Bank then told me that their panel number was dormant and would need to be reactivated. What do I do from here? Do I instruct a different law firm listed on the approved panel for Aldermore Bank?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Aldermore Bank conveyancing panel You may wish to enlist the help of your broker to check with the Aldermore Bank as to how long they think it will take to get the firm to get back on the panel.
We are only a couple days away from an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my lender Aldermore Bank. I am advised that, being on the Aldermore Bank conveyancing panel and acting on their behalf he must inform Aldermore Bank if the balance of the mortgage advance is coming from anyone other than me. I disclosed to the bank about my parent’s contribution when I applied for the home loan so is it really necessary for him to raise this?
Your lawyer is obliged to check with Aldermore Bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Aldermore Bank if you agree, failing which, your lawyer must cease to continue acting.
How do I find a local solicitor on the Aldermore Bank conveyancing panel? I have a car and am prepared to travel up to 25 miles to meet the lawyer.
You can use 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.
I was scheduled to move into my first house two days ago. My solicitor is on the Aldermore Bank solicitors panel but has changed address 8 weeks ago and had not informed Aldermore Bank of their new address. Aldermore Bank is now refusing to release my funds as the information from the solicitors isn't correct.
This is a rare situation indeed. Most lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Aldermore Bank branch or your mortgage broker to see if they can assist.
I previously instructed online conveyancers based in Birmingham who are on the Aldermore Bank solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Aldermore Bank mortgage. Is this a supplemental conveyancing fee set by Aldermore Bank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Aldermore Bank but by your lawyers. Some firms on the Aldermore Bank will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I have today made my last payment due on mortgage with Aldermore Bank. I assume I don't need a solicitor on the Aldermore Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Aldermore 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 Aldermore Bank mortgage from the register. Aldermore 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 Aldermore Bank has sent the Land Registry the discharge electronically, and the Aldermore Bank has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Aldermore Bank mortgage has been paid off.
I am due to exchange contracts on my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Aldermore Bank are being a right pain. The solicitor who is on the Aldermore Bank conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore Bank are requiring a building regulation certificate. Why do Aldermore Bank have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Aldermore Bank have referred the matter to their valuer. The reason why Aldermore Bank may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.