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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.
Find an Approved Solicitor on the Atom Bank plc Conveyancing Panel
Atom Bank Solicitor Panel Recently Asked Questions
My Conveyancer is not listed on the Atom Bank Conveyancing Panel. Is it possible for me to retain my preferred solicitor notwithstanding that they are not on the Atom Bank panel of approved conveyancing solicitors?
You will need to have a conveyancer complete the legal work required when you take out a Atom Bank mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Atom Bank conveyancing panel additional costs will be incurred as separate legal representation will be required by Atom Bank. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
My son-in-law is about to exchange on a newly built flat with a home loan from Atom Bank. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Atom Bank conveyancing panel as a standard part of the process, and to the surveyor when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Atom Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I need to find a Atom Bank panel solicitor in Inverness. Could you help me?
Unfortunately it’s not apparent why you need a Atom Bank panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Atom Bank to find out which solicitors in Atom Bank are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
I am attempting to get my ex-husband removed the mortgage deeds. Can Atom Bank really tell me which solicitor I can or can not instruct?
You can use any solicitor you like but Atom 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 Atom Bank solicitors panel
When it comes to mortgage companies such as Atom Bank do solicitors have to be pay a fee to be on the list of approved solicitors?
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.
What are the common reasons for a lender such as Atom Bank to withdraw a mortgage offer?
Lenders such as Atom Bank can revoke their mortgage offer although this is unusual. In the unlikely event that Atom Bank withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are various possible reasons but here are 5 examples:
- Many mortgage offers have an expiry date. Your lawyer should check this. Atom Bank may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
- Where the purchase price and borrowers direct contribution differ to details on the mortgage application form completed by the borrower
- Where the Lender’s right to possession is fettered in some way
- If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
- If the solicitor on the Atom Bank conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Atom Bank ‘s instructions
For 5 years I had a mortgage with Atom Bank. My grandfather has just retired and wants to pay off my mortgage. After Atom Bank is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Atom Bank conveyancing panel? I do not intend to live at the property once the Atom Bank mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Atom Bank panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.