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approved by AtomBank
Ready to buy a new home? Failing to check that a lawyer is on the AtomBank list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Atom Bank plc Conveyancing Panel? How can my firm be reinstated onto the Atom Bank plc Conveyancing Panel?Find an Approved Solicitor on the Atom Bank plc Conveyancing Panel
Atom Bank Conveyancing Panel Example Support Desk Enquires
For what reasons could a law firm be excluded from the Atom Bank solicitor panel?
According to a recent survey report by the solicitors regulator three quarters of law firms had been removed from a lender panel. The most common reasons in order are :
- Low volume of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction
- regulatory contact by SRA
- accidental removal. We are not aware of the specific or common criteria for removal by Atom Bank
My conveyancer has discovered an inconsistency when comparing the assumptions in Atom Bank’s home valuation survey and what is revealed within the title deeds. My solicitor informs me that as he is on the Atom Bank conveyancing panel he needs to check that the lender is happy with this discrepancy and is content go ahead. Is my solicitor’s approach 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 you.
Are there any apps to help search for a local solicitor on the Atom Bank conveyancing panel? I have a car and am prepared to travel up to 20 miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Atom Bank solicitor panel.
I was expecting to complete on my dream home last Friday. My lawyer’s firm is on the Atom Bank conveyancing panel but has moved offices 8 weeks ago and had not advised Atom Bank of their new address. Atom Bank is now refusing to release my funds until such time as their systems are up to date with the correct details.
This is a rare situation indeed. Most 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 Atom Bank branch or your mortgage broker to see if they can assist.
Are all Conveyancing Quality Solicitors on the Atom Bank conveyancing panel?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
When it comes to lenders such as Atom Bank do solicitors have to be pay a fee to be on the conveyancing panel?
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.
How can we tell if a solicitor on the Atom Bank panel is any good?
Getting recommendations is a good starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor handling your transaction
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Transfer of Equity for Atom BankPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors