Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in 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 subscribe.
- Recurring 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.
- Breaches of Aldermore Bank conveyancing panel requirements
- Your firm fails to meet the criteria to remain on the Aldermore Bank conveyancing panel
Aldermore Bank panel reinstatement : You have questions, we have answers
- What will happen if our Aldermore Bank panel reinstatement application is refused and our client has a mortgage offer with the Aldermore Bank?
- How often will this firm be required to re-apply to be reinstated on the Aldermore Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Aldermore Bank panel ?
- Is there a limit to the number of occasions my practice can submit applications to be reinstated on the Aldermore Bank conveyancing panel?
- What times frames are involved when applying 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.