Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated

  • Breaches of Aldermore Bank conveyancing panel Terms and Conditions
  • Your firm fails to meet the criteria to remain on the Aldermore Bank conveyancing panel
  • Missing deadline to reapply to remain on the Aldermore Bank convincing panel
  • Non-compliance with the Aldermore Bank panel requirements, 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.
  • Persistent delays in registering security 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.

Aldermore Bank panel reinstatement : You have questions, we have answers

  • Can we act for Aldermore Bank while the application for reinstatement on the Aldermore Bank panel is being reviewed? How do I know if our reinstatement appeal to the Aldermore Bank panel is accepted?
  • What are the consequences if our Aldermore Bank panel reinstatement application is turned down and our client has a mortgage application with the Aldermore Bank?
  • Is there a cost to be reinstated onto the Aldermore Bank conveyancing panel?
  • Is there a limit to the amount of occasions my practice can submit applications to get back on the Aldermore Bank conveyancing panel?
  • Can you outline the application process to revert back onto the Aldermore Bank conveyancing panel?

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 preferred 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.

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