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Aldermore Bank Conveyancing Lender Panel Compliance Tool

Looking for information about your firm's panel status?

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How can my firm apply to be on the Aldermore Bank Conveyancing Panel?
Check your firm’s panel Status
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How can my firm be reinstated onto the Aldermore Bank Conveyancing Panel?
Check your firm’s panel Status

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. It is supported by PI insurers such as AmTrust. It is a unique risk mitigation tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Aldermore Bank’s changes. While using the tool is not a prerequisite for Aldermore Bank , demonstrating you can remain up to date with Aldermore Bank’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel status.

The software creates real-time alerts, automatically produces compliance and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in reduced PII premiums.

Find a Law Firm approved by Aldermore Bank

Mortgage companies often vary 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, frequently:

A Timeline of Policy Changes


Since 2008, Aldermore Bank has made 384 revisions or additions to sections of their version of the UK Finance Handbook.
That equates to a section change every 7.1 days. In total, 43% of the sections of P2 of the UK Finance Lenders’ Handbook for Aldermore Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,
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FAQs for the Aldermore Bank Conveyancing Panel from members of the public

I would like to know the reason why all property lawyers aren't included on the Aldermore Bank Conveyancing panel?
Pre- 2008 most lenders had an appetite for risk which was higher than today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors that you are dealing with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and set certain criteria such a completing on a minimum number of transactions. Many firms that have been excluded from lender panels have 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of volume of transactions the lenders required.
Can you clarify something for me?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Aldermore Bank was issued random date and we have agreed a date for me to move into the property on 6 months + 3. My lawyer informs me that as she is on the Aldermore Bank conveyancing panel she needs to reorder the searches as they are no longer acceptable to the lender.
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)which states that a local authority search be not more than 6 months old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Aldermore Bank.
I need to find a Aldermore Bank panel solicitor in Stirling. Could you help me?
It is not clear 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. After all the cost is only one £1 a month
Please explain the implications if my solicitor is removed from the Aldermore Bank Solicitor panel prior to the completion date?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
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.
What are the common reasons for a lender such as Aldermore Bank to withdraw a mortgage offer?
Banks and Building Societies such as Aldermore Bank can withdraw their mortgage offer although this rarely happens. should Aldermore Bank withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are 5 examples:
  • Where information comes to Aldermore Bank ‘s attention regarding the customers or the security that they were not aware of prior to offer that affects their original decision to lend
  • Aldermore Bank may amend or withdraw an offer if the Aldermore Bank conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
  • If the borrower informs Aldermore Bank of a change in the loan amount agreed
  • A cashback to the buyer, or | part of the price includes a non-cash incentive to the buyer (eg paid stamp duty land tax),or | any indirect incentive (cash or non cash) or rental guarantee, of which the lender was previously unaware
  • Where to proceed with the Mortgage offer would be unlawful
My fiance and I are in the throws of viewing apartments and now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I will be getting a mortgage with Aldermore Bank
It would be sensible to have your start your search soon rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Aldermore Bank , ask your prospective lawyers check they are on the Aldermore Bank conveyancing panel otherwise they can't do the mortgage legal work.