Examples of recent questions relating to the Aldermore Bank Solicitor Panel from members of the public
It has come to my attention via my mortgage adviser that my lawyer is not on the Aldermore Bank Conveyancing panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to contact your conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for Aldermore Bank.
Please help. My solicitor is advising me that he has to apply for a Local Authority search as the firm are on the Aldermore Bank solicitor panel. Do I not have a choice here?
You have limited options available to you. Given that you are taking out a loan with Aldermore Bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Aldermore Bank’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Aldermore Bank. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
I have been looking for online conveyancing estimates. Can I be sure that all the law firms that are listed on your site are on the Aldermore Bank conveyancing panel?
The law firms on our directory have advised us 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 lender or a member of the public that the data about a specific firm being on the Aldermore Bank conveyancing panel is not accurate.
We're in London, FTBs buying with a mortgage (lender is Aldermore Bank , but our solicitor is on the Aldermore Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
Are all solicitor practices on the Aldermore Bank conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the Aldermore Bank conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
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?
A lender would 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?
As regards 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.