Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements set by Aldermore Bank
- Breaches of Aldermore Bank conveyancing panel Terms and Conditions
- 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 adopt.
- Your practice fails to meet the criteria to remain on the Aldermore Bank conveyancing panel
- Failure to reapply to be on the Aldermore Bank convincing panel
Aldermore Bank panel reinstatement : questions that we get asked
- 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?
- Am I restricted as to the amount of times my law firm can submit applications to get back on the Aldermore Bank conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement was refused?
- How often will this firm be required to re-apply to remain on the Aldermore Bank conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with Aldermore Bank 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.