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approved by Aldermore Bank
Ready to buy a new home? Failing to check that a lawyer is on the Aldermore Bank list of approved solicitors can put your transaction at risk of delay or failure.
Looking for information about your firm's panel status?
How does my firm apply to be on the Aldermore Bank PLC Conveyancing Panel? How can my firm be reinstated onto the Aldermore Bank PLC Conveyancing Panel?Find an Approved Solicitor on the Aldermore Bank PLC Conveyancing Panel
Aldermore Bank Conveyancing Panel Example Support Desk Enquires
Is the fact that my conveyancer is not on the Aldermore Bank Conveyancing panel that there is a problem with the quality of her conveyancing?
That would more than likely be a wrong assumption to make. 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 top 3 reasons are as follows: (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.
I am buying a newly constructed flat and my lawyer is telling me that she has to reveal incentives from the developer as her practice is on the Aldermore Bank conveyancing panel. The Estate Agents are hassling me to sign contracts and I dont want to prolong deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Aldermore Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Aldermore Bank). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
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.
Please explain the implications if my lawyer’s firm is suspended from the Aldermore Bank Conveyancing panel prior to completion?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
How can we tell if a solicitor on the Aldermore Bank panel is any good?
obtaining 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 suggest that you speak with the solicitor handling your transaction
My wife and I have arranged a further advance on our mortgage from Aldermore Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Aldermore Bank conveyancing panel to deal with the legals?
Aldermore Bank do not ordinarily instruct a member of their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Aldermore Bank panel
I had an offer accepted on an apartment on the 7th February 2014, valuation was booked 3 days later, all came back fine. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Aldermore Bank and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Aldermore Bank conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Aldermore Bank to deal with your lawyers application to be on the Aldermore Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.
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