Aldermore Bank Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is an online pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and PI insurers. COMPLETIONmonitor is a unique risk management tool.

This software facilitates the way you can demonstrate to lender panels that you are, and can remain fully compliant with their requirements, with automatic updates on Aldermore Bank’s changes. Even though using this technology is not a prerequisite for Aldermore Bank , demonstrating you can remain up to date with Aldermore Bank’s Handbook requirements is a helpful support to your panel application and, more importantly, protect your firm’s panel status.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for many firms, leads to a PII saving.

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Banks and building societies frequently 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, over time:

A Timeline of Policy Changes


Since 2008, Aldermore Bank has made 153 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 17.8 days. In total, 32% of the sections of P2 of the UK Finance Lenders’ Handbook for Aldermore Bank have been changed since 15/12/2008.

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Aldermore Bank Conveyancing Panel : Questions and Answers from members of the public

My mortgage broker has says he needs my law firm’s panel reference for the Aldermore Bank conveyancing panel. Can you suggest how I obtain this. I have contacted my local Aldermore Bank branch but they have not responded to me.
Have you tried speaking to your lawyer about this?. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Aldermore Bank.
My husband and I changing mortgage lender for our apartment with Aldermore Bank. We have a son 18 who lives with us. The solicitor on the Aldermore Bank conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the Aldermore Bank conveyancing panel as he never had to sign this form when we remortgaged 3 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Aldermore Bank conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Aldermore Bank .This is solely used to protect the Aldermore Bank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.

It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Aldermore Bank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

Do I have to visit the offices of the Aldermore Bank conveyancing panel solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Bristol so that I can attend their offices if necessary.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol .
I am attempting to get my ex-husband removed the mortgage deeds. Can Aldermore Bank really insist on which solicitor I can or can not use?
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
I have paid off my mortgage with Aldermore Bank. I assume I don't need a solicitor on the Aldermore Bank panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore Bank mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore Bank mortgage from the register. Aldermore Bank,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage: but are not moving to another property where the Aldermore Bank has sent the Land Registry the discharge electronically, and the Aldermore Bank has instructed the Land Registry to do so The Land Registry will send you a letter confirming that your Aldermore Bank mortgage has been paid off.
I have not been happy with the level or service received from my lawyer. Is there a Aldermore Bank conveyancing panel complaints department or do I complain directly to the law firm?
Complaining to Aldermore Bank about their conveyancing panel is unlikely to yield much of a response. Every solicitor firm and conveyancer must have a complaints procedure. Usually one can find this information from the solicitor’s or conveyancer’s website or ask at their office. They must tell you about it if you ask.

The Legal Ombudsman will make sure that your complaint is addressed by the solicitor. It can also advise you how to complain.

If a licensed conveyancer does not have a complaints procedure or will not tell you about it, contact the Council for Licensed Conveyancers (CLC), which will make sure that your complaint is properly dealt with by the conveyancer. Please see below for more information.

After shopping around on the internet I have found a solicitor having made sure that they are on the Aldermore Bank conveyancing panel. Does my lawyer arrange the survey of the property? Or Having read lots of mortgage guides,I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my solicitor - who is on the Aldermore Bank conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Aldermore Bank will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore Bank will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller. or Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by postcode. As you are getting a mortgage with Aldermore Bank you could contact your them to see if they have a list of approved surveyors.