Find an Approved Solicitor on the Aldermore Bank PLC
FAQs for the Aldermore Bank Conveyancing Panel
Is the fact that my solicitor is not identified on the Aldermore Bank Conveyancing panel that there is a problem with the quality of her work?
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 Aldermore Bank.
My husband and I changing mortgage lender for our flat with Aldermore Bank. We have a son 19 who lives with us. The solicitor on the Aldermore Bank conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have two questions (1) Is this form unique to the Aldermore Bank conveyancing panel as he never had to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Aldermore Bank conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Aldermore Bank .This is solely used to protect the Aldermore Bank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Aldermore Bank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Do I have to have a meeting at the offices of the Aldermore Bank conveyancing panel solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in London
so that I can attend their offices if necessary.
Most conveyancing panel lawyers for Aldermore Bank undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
We're in London, FTBs buying with a mortgage (lender is Aldermore Bank , but our solicitor is on the Aldermore Bank conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore Bank conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
We have a mortgage agreed in principle with Aldermore Bank. Solicitors have been chosen? How long does it take for Aldermore Bank to send the offer to our conveyancer
There is no definitive answer here. Have Aldermore Bank conducted the survey? Have you advised Aldermore Bank as your lawyers details and checked that your lawyer is on the Aldermore Bank conveyancing panel? It is not unusual for a mortgage offer to take a month to come through
My brother and I have had an offer accepted on a apartment I spoke to a lawyer previously used by my dad and he advised instructing a property lawyers approved by Aldermore Bank. The estate agent recommended two local firms so I asked Aldermore Bank if the 2 suggested solicitors are approved, which they are not. Aldermore 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 Aldermore Bank 's conveyancing panel solicitors (2) Use the local solicitor and accept there may be delays etc as they go through the approval process.
Enquire of Aldermore Bank to suggest a law firm in your location. Most banks have lawyers on their panel throughout the UK. You can also use our search tool at the top of this page to search for a lawyer on the Aldermore 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 Aldermore Bank conveyancing panel as it may only take about 2-3 weeks. As long as they meet Aldermore 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.
My fiance and I are at the point of looking at flats and am about to put in an offer. Should I already have a conveyancer appointed at this stage? I I am planning to take a home loan with Aldermore Bank
It would be sensible to have your start your search soon rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the estate agent. As you are getting a mortgage with Aldermore Bank , ask your prospective lawyers check they are on the Aldermore Bank conveyancing panel otherwise they can't do the mortgage legal work.