Atom Bank Conveyancing Panel Recently Asked Questions from members of the public
My mortgage broker has asked me for my lawyer’ panel reference for the Atom Bank conveyancing panel. What is the best way to obtain this. I have e-mailed my local Atom Bank branch but they don't know it.
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 Atom Bank.
My solicitor has uncovered a difference when comparing the assumptions in Atom Bank’s home valuation report and what is in the conveyancing documents. My solicitor says that as he is on the Atom Bank conveyancing panel he is obliged to ensure that the lender is with this discrepancy and is content go ahead. Is my solicitor’s stance legitimate?
A precondition to being on the Atom Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Atom Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I am Googling for conveyancing quotes online. Can I be confident that all the firms that are identified on your directory are on the Atom Bank conveyancing panel?
The law firms listed on our site have advised us that they are on the Atom Bank panel and agreed to advise us to take down their listing in the event of removal off of the Atom Bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Atom Bank conveyancing panel is incorrect.
I am refinancing my home does my lawyer need to be on the Atom Bank Solicitor panel?
There is nothing to stop you using your solicitor but Atom Bank will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I was thinking of purchasing my friend’s property. Assuming we can agree a figure, what’s the best way to move forward? I plan to obtain a mortgage with Atom Bank. Is there anyway to cut out the solicitors to save us both money? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Atom Bank involved you will need to appoint a solicitor on the Atom Bank conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Atom Bank. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Atom Bank conveyancing panel.
We have agreed a price on a flat I spoke to a lawyer recommended by my dad and he suggested instructing a law firm approved by Atom Bank. The estate agent recommended two local firms so I asked Atom Bank if the 2 suggested solicitors are approved, which they are not. Atom Bank pointed out that either practice can fill out the appropriate forms to become approved. Do I (1) save myself the aggravation and use one of Atom Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Ask Atom Bank to suggest a law firm in your location. Lenders have them all over the country. You can also use our search tool at the top of this page to search for a lawyer on the Atom Bank conveyancing panel based on location. If you particularly like the sound of one of the local lawyers that you have spoken to ask them if they would go onto Atom Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Atom Bank’s requirements it can be a very simple job for the solicitor. Other stuff will be going on in parallel (as you are at an early stage) so it may not delay matters.
I have today made my last payment due on mortgage with Atom Bank. I assume I don't need a solicitor on the Atom Bank panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Atom 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 Atom Bank mortgage from the register. Atom 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 Atom Bank has sent the Land Registry the discharge electronically, and
the Atom Bank has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Atom Bank mortgage has been paid off.
