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approved by AUB
Ready to buy a new home? Failing to check that a lawyer is on the AUB list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Ahli United Bank (UK) plc Conveyancing Panel
Frequently asked questions relating to the Ahli United Bank Conveyancing Panel
Am I correct in assuming that the fact that my conveyancer is not identified on the Ahli United Bank Conveyancing panel that there is a problem with the standard of her 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 Ahli United Bank.
I am due to complete my purchase next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Ahli United Bank. What risks do Ahli United Bank expect the insurance to cover?
Any lawyer on the Ahli United Bank conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Ahli United Bank’s Part 2 requirements of the CML Handbook (last updated on Ahli United Bank). Being on the Ahli United Bank conveyancing panel your lawyer is expect to follow these requirements.
Your search tool is useful but there are many lawyers listed near Middlesbrough on the Ahli United Bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Ahli United Bank ?
We do not recommend specific firms as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the firms listed to gain comfort as to which one is right for you..
My house is up for sale and I have a buyer. Does my solicitor have to be on the Ahli United Bank conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Ahli United Bank conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Is it common for Ahli United Bank to withdraw a mortgage offer and what would be the reasoning?
Lenders such as Ahli United Bank can withdraw their mortgage offer although this rarely happens. If Ahli United Bank withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are 5 examples:
- If the borrower informs Ahli United Bank of a change in security address
- If the borrower informs Ahli United Bank of a change in the loan amount agreed
- Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Ahli United Bank conveyancing panel solicitors would be obliged to notify Ahli United Bank of a change in the price of the property.
- Where to proceed with the Mortgage offer would be unlawful
- Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
We were going to get a DIP from Ahli United Bank this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Ahli United Bank recommend a solicitor on the Ahli United Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Ahli United Bank conveyancing panel. The solicitor represents both you and the Ahli United Bank through the process.
After shopping around on the internet I have found a solicitor having checked that they are on the Ahli United Bank conveyancing panel. Does my lawyer arrange the survey of the property?
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Having digested plenty of house buying,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 Ahli United Bank conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Ahli United Bank will need an independent valuation of the property. Your lawyer will not arrange this. Usually Ahli United 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.
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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 Ahli United Bank you could contact your them to see if they have a list of approved surveyors.