Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge on behalf of Aldermore Bank Delays or failure to register the Aldermore Bank charge may result in referral to external lawyers of Aldermore Bank to complete outstanding requirements.
- Persistent non-compliance with post completion requirements on behalf of Aldermore Bank
- Non-compliance with the Aldermore Bank panel terms, the written instructions that Aldermore Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Aldermore Bank may subsequently adopt.
- Missing deadline to reapply to remain on the Aldermore Bank convincing panel
- Your practice no longer meets the criteria to remain on the Aldermore Bank conveyancing panel
Aldermore Bank panel reinstatement : You have questions, we have answers
- How often will this firm be required to re-apply to remain on the Aldermore Bank conveyancing panel?
- Am I restricted as to the number of occasions my firm can submit applications to get back on the Aldermore Bank conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is rejected?
- Can you outline the application process to be reinstated onto the Aldermore Bank conveyancing panel?
- Can this firm act for Aldermore Bank while the application for reinstatement on the Aldermore Bank panel is being reviewed? How do I find out if our reinstatement appeal to the Aldermore Bank panel is accepted?
Top Tip: The best way to avoid the hassle of seeking Aldermore Bank panel reinstatement is to ensure that your firm is not removed off of the Aldermore Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Aldermore Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Aldermore Bank directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Aldermore Bank conveyancing panel.