Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Aldermore Bank panel terms, the written instructions that Aldermore Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Aldermore Bank may subsequently subscribe.
- Significant 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 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.
- Breaches of Aldermore Bank conveyancing panel Terms and Conditions
- Significant delays in post completion requirements set by Aldermore Bank
Aldermore Bank panel reinstatement : questions that we get asked
- Please can you set out the application protocol to be reinstated onto the Aldermore Bank conveyancing panel?
- Can this firm act for Aldermore Bank while the appeal for reinstatement on the Aldermore Bank panel is being progressed? How do I discover if our reinstatement appeal to the Aldermore Bank panel is accepted?
- Who should complete the reinstatement application to the Aldermore Bank panel ?
- What times frames are involved when applying to be reinstated onto the Aldermore Bank conveyancing panel?
- Is there a charge 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 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.