Looking for information about your firm's panel status?
Atom Bank Conveyancing Panel: Recently Asked Questions
Does my firm run the risk of being suspended off the
Atom Bank solicitor panel if I have not sent the TID on a purchase within a certain time frame from draw-down of funds?
One might ordinarily expect
Atom Bank via their Part 2 obligations to address this but the Handbook is silent on time frames. Do look at the Terms of
Atom Bank’s Conveyancing Panel Appointment that you previously signed. For a number of banks these Terms include a clause such as:
‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is important to keep
Atom Bank updated.
Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.
Do banks such as
Atom Bank operate detached conveyancing panel for buy to let mortgages?
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
Atom 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
Atom Bank we suggest that you call
Atom Bank to check the position.
My firm is not on the
Atom Bank conveyancing panel as well other banks.
My clients, who have applied for a mortgage with Atom Bank still want me to act for them regardless of the fact that we are not on the
Atom Bank panel. Is it fine for me to use a firm down the road to act for
Atom Bank on mortgage aspect of the conveyancing?
You need to be careful here as what you are suggesting may not be acceptable to the lender.
It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Lenders such as Nationwide BS make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender must appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer.
You also need to make the costs implications and potential for delay very clear to your client.
I recently attended a seminar arranged via my PI broker where it was mentioned that solicitors are being sued for non-compliance with Part 2 requirements . I am on the
Atom Bank conveyancing panel can you tell me how Part 2 changes took place by
Atom Bank during 2013?
During 2013, 0 sections of the UK Finance Lenders’ Handbook P2 were changed by
Atom Bank. Some changes are more important than others but as a firm on the
Atom Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.
Remember: CML requirements are not guidelines; they are the lender client’s instructions.
My lawyers pass me the odd LENDERmonitor notification but I seldom see significant changes. For instance, I am on the
Atom Bank conveyancing panel and receive a notification only advising of a change of address. Does that matter?
It is important that you take note of such changes because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
Atom Bank conveyancing panel. Lets say that Atom Bank change their requirements as to where the post completion documents should be sent.
Do you change the details in your CMS? Is this recorded anywhere? Is this communicated to the staff? By virtue of your COT Atom Bank you are giving assurances that you will send the deeds within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
Atom Bank suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to their old address.
Should CQS membership guarantee my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS membership is no guarantee to lender panel acceptance. Nevertheless the Council of Mortgage Lenders have indicated that it is likely to become a prerequisite for firms wishing to join their approved list of firms. Some mortgage companies now use the scheme as the starting point for Panel approval such as HSBC.
I am on the
Atom Bank
conveyancing panel and scheduled to complete a remortgage within the next few weeks. My papers do not include a Mortgage Deed for the client to sign.
Who do I contact at Atom Bank to get a duplicate Deed?
You would be advised to get in touch with Atom Bank
to obtain standard documents. The CML Handbook incorporates a specific question for lenders to cite who to contact to obtain standard documents.
Atom Bank in their Part 2’s state:
You will need to disclose your Atom Bank solicitors panel reference.
Find a Lawyer on the Atom Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Atom Bank
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | 43.0 |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Atom Bank Firms
- Draft Report on Title precedent for Atom Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Atom Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Atom Bank lender panel
- Buy-to-Let help for Atom Bank
- Consent-to-Let help for Atom Bank
- Contractor Mortgages with Atom Bank
