FAQs for the Aldermore Bank Solicitor Panel from members of the public
I was advised recently by my mortgage broker that my the law firm I have appointed is not on the Aldermore Bank Conveyancing panel. What can I do to check?
You need to contact your conveyancer. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Aldermore Bank.
I am due to complete my purchase next Thursday. My conveyancing lawyer has asked me to provide him with a copy of the building insurance for the house as he says that he has to check this in has capacity as lawyer for Aldermore Bank. What risks do Aldermore Bank expect the insurance 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.
I require the services of a Aldermore Bank panel solicitor in Stirling. Can you assist?
Unfortunately it’s not apparent why you need a Aldermore Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Aldermore Bank to find out which solicitors in Aldermore Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
The solicitors that I recently instructed on my house acquisition in London has suddenly shut down. I chose them because I had to have a solicitor on the Aldermore Bank conveyancing panel and my preferred lawyer was not. I gave my credit card details for them to take £175 for searches. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Aldermore Bank conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist
Are all Conveyancing Quality Solicitors on the Aldermore Bank conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I am selling my house. I had a double glazing fitted in month 8 but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Aldermore Bank are being pedantic. 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.
Aldermore Bank have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Aldermore Bank or your broker and complete any relevant paperwork. Aldermore Bank will tell you what documents they want. Aldermore Bank will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Aldermore Bank will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
