Find an Approved Solicitor on the Ahli United Bank (UK) plc
Conveyancing Panel
Ahli United Bank Conveyancing Panel Recently Asked Questions
My wife and I are first time buyers. Within the 48 hours our solicitor has forwarded the sale agreement to sign with a detailed report with the expectation that exchange is imminent. Ahli United Bank have this evening contacted us to inform me that there is now an issue as our lawyer is not on their conveyancing panel. What do we do from here?
If you are buying a property with the assistance of a mortgage it is usual for the purchaser's solicitors to also act for the purchaser's lender.
In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme.
Your solicitors should contact Ahli United Bank and see if they can apply for membership of the Ahli United Bank conveyancing panel, but if that is not viable Ahli United Bank will instruct their own solicitors to act. You don't have to instruct a firm on the Ahli United Bank conveyancing panel as you are at liberty to use your preferred lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Our nephew is purchasing a new build apartment with a mortgage from Ahli United Bank. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Ahli United Bank conveyancing panel as a standard part of the process, and to the valuer when requested.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Ahli United Bank conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am looking for conveyancing quotes online. Can I be assured that all the law firms that are identified on your site are on the Ahli United Bank conveyancing panel?
The law firms listed on our site have advised us that they are on the Ahli United Bank panel and agreed to advise us to take down their listing in the event of removal off of the Ahli United Bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Ahli United Bank conveyancing panel is incorrect.
My grandmother passed away last year and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Ahli United Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Ahli United Bank will insist on your using a conveyancer on the Ahli United Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Ahli United Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Ahli United Bank mortgage is registered as a charge at the Land Registry.
In what circumstances might Ahli United Bank amend or withdraw their mortgage offer?
Banks and Building Societies such as Ahli United Bank can revoke their mortgage offer although this rarely happens. should Ahli United Bank withdraw their offer they may or may not inform you or the lawyer as to the reasons why. There are various possible reasons but here are a number of examples:
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Ahli United Bank may amend or withdraw an offer if the Ahli United Bank conveyancing panel solicitor is unable to confirm compliance with any of the conditions of the mortgage offer or if any of the terms of the mortgage offer cannot be satisfied
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Many mortgage offers have an expiry date. Your lawyer should check this. Ahli United Bank may amend or withdraw an offer before the end of its validation period if an offer extension is requested and following a re-evaluation of the property the value of the security is below a level which is acceptable to them.
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If the financial circumstances of the borrower have changed to the detriment and the Ahli United Bank has been notified
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Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
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If the solicitor on the Ahli United Bank conveyancing panel acting for the applicant, borrower, mortgagor or guarantor cannot comply with Ahli United Bank ‘s instructions
For 5 years I had a mortgage with Ahli United Bank. My father has just retired and wants to pay off the mortgage left on the property. After Ahli United Bank is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Ahli United Bank conveyancing panel? I do not intend to live at the property once the Ahli United Bank mortgage is discharged.
You
will need a solicitor but they need not be on the Ahli United Bank conveyancing panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
Intending to buy a flat with a mortgage with Ahli United Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Ahli United Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Ahli United Bank conveyancing panel