Ahli United Bank Conveyancing Panel Information

The Council of Mortgage Lenders, together with Ahli United Bank and other lenders created a standard set of requirements where a solicitor is representing a lender such as Ahli United Bank alone in a residential conveyancing matter. These requirements are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be read in conjunction with Parts 1 & 2. The CML have published an example requirements letter to the borrower’s conveyancer for use by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel lawyer.

The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with Ahli United Bank as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from Ahli United Bank we suggest that you call Ahli United Bank to check the position.

The key here is the caveat ‘more onerous’. You have to try and take an objective view as to whether the Terms relating to the Ahli United Bank conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.

With banks and conveyancing firms working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Ahli United Bank conveyancing panel but for all mortgage panels

It would be advisable to supply details of the date of removal, information on the reason for removal, date of appeal and any reason given for reinstatement. This should not negatively affect your firm’s application but gives the CQS team a complete picture of what has gone on.

You would be advised to communicate with Ahli United Bank to obtain standard documents. The CML Handbook has an individual inquiry for lenders to enumerate who to contact to obtain standard documents. Ahli United Bank in their Part 2’s state: It helps to disclose the firm’s Ahli United Bank conveyancing panel number.