Q and A’s regarding the Aldermore Bank Conveyancing Panel
from members of the public
I have just been informed by my estate agent that my property lawyer is not on the Aldermore Bank Solicitor panel. What can I do to be sure that this is correct?
The first thing you need to do is to contact your lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the the approved Aldermore Bank solicitor panel.
My god-son is purchasing a new build apartment with a mortgage from Aldermore Bank. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Aldermore Bank conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Aldermore Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the Aldermore Bank conveyancing panel. My lawyer has said that they are on the Aldermore Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Aldermore Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Aldermore Bank solicitor panel.
I am attempting 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
Two weeks ago we had a mortgage agreed in principle with Aldermore Bank. Solicitors have been appointed? What is the average time that one could expect to receive a mortgage offer from Aldermore Bank?
Some lenders take longer than others. Have Aldermore Bank completed the valuation? Have you advised Aldermore Bank as your lawyers details and checked that your lawyer is on the Aldermore Bank conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
I am buying a property where the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore Bank be concerned
As your lender is Aldermore Bank your lawyer must to check the Aldermore Bank conveyancing instructions contained in the Part of CML Handbook for Aldermore Bank . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Aldermore Bank where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. Requirements for Scotland are due in the near future.
We expect to receive a DIP from Aldermore Bank this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Aldermore Bank recommend a solicitor on the Aldermore Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Aldermore Bank conveyancing panel. The solicitor represents both you and the Aldermore Bank through the process.