Aldermore Bank Conveyancing Panel Information

Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Aldermore Bank conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

conveyancer client account(s) details

Number of lender conveyancing panels the firm is currently on

Full disciplinary history for each licensed conveyancer

Whether the firm has ever applied for accreditation and the outcome of the application

Whether the firm has ever accepted instructions in respect of property clubs and investment schemes

SRA or equivalent regulator registration number where applicable

purchase and remortgage)

Whether any lender has ever made a claim against the firm’s PII cover

House price discrepancies (declared to lender vs. registered at Land Registry)

top-up split and history of any refusals

Most 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 Aldermore 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 Aldermore Bank we suggest that you call Aldermore Bank to check the position.

In the same way that there is a unique Aldermore Bank conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement. Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis. The BSA have not published the equivalent of the UK Finance Lenders’ Handbook Part 3s.

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Aldermore 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.

The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Aldermore Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You need to contact Aldermore Bank to obtain standard documents. The CML Handbook incorporates a specific section for banks to establish who to contact to obtain standard documents. Aldermore Bank in their Part 2’s state: You will need to quote the firm’s Aldermore Bank solicitors panel number.