Examples of recent questions relating to the Aldermore Bank Conveyancing Panel from members of the public
The conveyancer my husband and I wanted to use for conveyancing on a purchase said he would charge more if my lender is because of their difficult processes! Will I regret using Aldermore Bank? Is Aldermore Bank conveyancing so much more difficult?
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 buying a newly constructed apartment and my conveyancer is informing me that she is duty bound to reveal incentives from the seller as her practice is on the Aldermore Bank conveyancing panel. The Estate Agents are hassling me to exchange and I would rather not prolong the conveyancing. Can I insist on an exchange regardless of what my lawyer says about being on the Aldermore Bank panel?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Aldermore Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Aldermore Bank). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am Googling for online conveyancing estimates. Can I be sure that all the firms that are listed on your directory are on the Aldermore Bank conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the Aldermore Bank panel and agreed to advise us to take down their listing in the event of removal off of the Aldermore Bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Aldermore Bank conveyancing panel is not accurate.
I am in the process of remortgaging my flat does my lawyer have to be on the Aldermore Bank Conveyancing panel?
There is nothing to stop you using your solicitor but Aldermore Bank will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
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 buyer's lender, Aldermore Bank are being difficult. The solicitor who is on the Aldermore Bank conveyancing panel is saying indemnity insurance will be fine but Aldermore Bank are insisting on 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.
I was told four weeks ago that my mortgage has been agreed
to by Aldermore Bank. Is it usual for Aldermore Bank to only issue the offer once my
solicitor is approved on their conveyancing panel?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Aldermore Bank to deal with your lawyers application to be on the Aldermore Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.
My ex -wife’s name is on the Aldermore Bank mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Aldermore Bank mortgage in order to sell?
In terms of the Aldermore Bank mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Aldermore Bank in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.