Aldermore Bank Solicitor Panel Sample Enquires to our Call Center from members of the public
My Solicitor is not on the Aldermore Bank Conveyancing Panel. Can I still retain my preferred solicitor notwithstanding that they are excluded from the Aldermore Bank panel of approved conveyancing solicitors?
You have a number of options available to you here:
- Complete the purchase with your existing lawyers but Aldermore Bank will need to instruct a lawyer on the Aldermore Bank conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Aldermore Bank conveyancing panel.
- Urge your lawyer to apply to join the Aldermore Bank lender panel
Our property lawyer has requested from me identification documents saying that this is part of his obligations as a solicitor on the Aldermore Bank Conveyancing panel. Is this right?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offense if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage with Aldermore Bank your lawyer also has to check ID documents to satisfy Aldermore Bank
I am looking to buy a property and need a conveyancing solicitor in London who is on the Aldermore Bank conveyancing. Can you recommend a local firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore Bank . We don’t recommend any particular firm.
I am selling my house. Does my solicitor have to be on the Aldermore Bank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Are all Conveyancing Quality Solicitors on the Aldermore Bank conveyancing panel?
Some major lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
When it comes to lenders such as Aldermore Bank do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Sometime soon me and my wife are taking a long lease of a penthouse in Hendon. Conveyancing solicitors in Hendon will soon beretained. My friendrecommended that we enquire that the property lawyer in Hendon is on the Aldermore Bank list of approved conveyancing firms. Surely I don't need to do this, do I?
Not all Hendon conveyancing practices are on the Aldermore Bank conveyancing panel. 5 people a month use our search tool to locate a Hendon conveyancing lawyer on the on the Aldermore Bank list of approved conveyancing firms.
