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Aldermore Bank Solicitor Panel: Recently Asked Questions
Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
There are thousands of firms across the UK who feel aggrieved claiming that they have been removed from lenders’ panels without an explanation or a good
reason. It is highly unlikely, given that lenders have distanced
themselves from creating a standardised appeals process for
brokers, that an appeals process will be introduced for
lawyers. Commenting on the call by brokers to have a standardised
process the CML said’ “While we understand that some lenders do have
an appeals process, it would not be appropriate for a trade body such
as the CML to seek to be prescriptive about such a process.” Some
lenders do of course set out an appeals policy. The Law Society does
have information on it’s site that may be of assistance. If you would
like to talk to one of our compliance experts about our Lender Panel
Protection Service please complete the form here.
Can you give me an example of some of the reports available via COMPLETIONmonitor to support my appeal to be reinstated on the Aldermore Bank solicitor panel?
There are many reports available, five of which are as follows:
- Evidence of undertaking logs
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- Buy to Let transactions
- Analysis as to the nature of clients (e.g.existing/new/seen in person)
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the Aldermore Bank conveyancing panel?
In order to be on the Aldermore Bank conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily Aldermore Bank) are as follows:
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
- To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
- Without prejudice to your obligation to comply in full with the Safeguards provisions in the CML Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- 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.)
I have read a number of legal articles recently about firms being sued for non-compliance with CML PII obligations . I am on the
Aldermore Bank conveyancing panel can you tell me how Part 2 changes took place by
Aldermore Bank during 2013?
During 2013, 49 sections of the UK Finance Lenders’ Handbook P2 were changed by
Aldermore Bank. Some changes are more important than others but as a firm on the
Aldermore 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 PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on numerous lender panels including the
Aldermore Bank conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Do I disclose these these Terms ?
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 completing the answer.
Marsh’s PII renewal form asks if my practice had been excluded from any lender panels in the last 12 months.
I just found out that the practice is no longer on the
Aldermore Bank conveyancing panel? Is this likely to effect my PII premium?
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.
My firm is listed on the
Aldermore Bank
conveyancing panel and due to complete a purchase within the next week. I dont have a Mortgage Deed for the client to execute.
Who do I contact at Aldermore Bank to request substitute deeds?
You need to communicate with Aldermore Bank
to obtain standard documents. The CML Handbook includes a specific section for banks to reveal who to contact to obtain standard documents.
Aldermore Bank in their Part 2’s state:
You will need to disclose the firm’s Aldermore Bank conveyancing panel reference.
Find a Lawyer on the Aldermore Bank Conveyancing Panel
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Average number of days to register title including a charge in favour of Aldermore Bank
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Aldermore Bank Firms
- Draft Report on Title precedent for Aldermore Bank borrowers
- Draft Anti Money Laundering PolicyTemplate for Aldermore Bank panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Aldermore Bank lender panel
- Buy-to-Let help for Aldermore Bank
- Consent-to-Let help for Aldermore Bank
- Contractor Mortgages with Aldermore Bank