Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Aldermore Bank convincing panel
- Your practice no longer meets the criteria to remain on the Aldermore Bank conveyancing panel
- Breaches of Aldermore Bank conveyancing panel requirements
- Aldermore Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- 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.
Top questions concerning Aldermore Bank panel reinstatement
- Does my practice need to apply annually to be reinstated on the Aldermore Bank conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Aldermore Bank is rejected?
- Can this firm act for Aldermore Bank while the appeal for reinstatement on the Aldermore Bank panel is being progressed? How do I find out if our reinstatement application to the Aldermore Bank panel is accepted?
- What is the application process to be reinstated onto the Aldermore Bank conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is turned down?
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.