Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Aldermore Bank conveyancing panel requirements
- Significant delays in post completion requirements set by Aldermore Bank
- Significant 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.
- Aldermore Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Missing deadline to reapply to be on the Aldermore Bank convincing panel
Questions Aldermore Bank panel reinstatement firms ask us
- Can you outline the application procedures to be reinstated onto the Aldermore Bank conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to be reinstated on the Aldermore Bank conveyancing panel?
- What will happen if our Aldermore Bank panel reinstatement application is declined and the client of the firm has a mortgage application with the Aldermore Bank?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Aldermore Bank is refused?
- Is there a cost to be reinstated 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 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.