Examples of recent questions relating to the Aldermore Bank Solicitor Panel
from members of the public
Is the fact that my solicitor is not isted on the Aldermore Bank Conveyancing panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Aldermore Bank.
Can you clarify something for me?. For no fault of my lawyer but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Aldermore Bank was date stamped 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informs me that as she is on the Aldermore Bank conveyancing panel she needs to reorder the searches as they are now out of date.
One of the many conditions 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the Aldermore Bank conveyancing panel. My lawyer has said that they are on the Aldermore Bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the Aldermore Bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the Aldermore Bank solicitor panel.
I was supposed to move into my first house two days ago. My lawyer’s firm is on the Aldermore Bank solicitors panel but has moved offices in the past couple of months and had not informed Aldermore Bank of their new address. Aldermore Bank has locked down the release of mortgage funds until such time as their systems are up to date with the correct details.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Aldermore Bank branch or your mortgage broker to see if they can assist.
Are all conveyancing solicitors on the Aldermore Bank conveyancing panel overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Aldermore Bank conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. 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 have a mortgage with Aldermore Bank. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore Bank?
Your original mortgage agreement with Aldermore Bank will provide that you need their approval prior to renting your property as this is likely to be a breach of Aldermore Bank’s mortgage conditions. It may be that Aldermore Bank will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore Bank directly. You need not do this via a Aldermore Bank conveyancing panel firm.
My brother and I are buying a penthouse in Hendon. Conveyancing solicitors in Hendon will soon beinstructed. My friendadvised that we check that the conveyancing practitioner in Hendon is on the Aldermore Bank list of approved conveyancing firms. Is this really necessary?
It is not that case that all Hendon conveyancing firms are on the Aldermore Bank conveyancing panel. 7 people a month use our search tool to search for a
Hendon conveyancing practitioner on the on the Aldermore Bank panel.