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
- Recurring 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.
- Recurring non-compliance with post completion requirements on behalf of Aldermore Bank
- Failure to reapply to remain on the Aldermore Bank convincing panel
- Your law firm no longer meets the criteria to remain on the Aldermore Bank conveyancing panel
Frequently asked questions concerning Aldermore Bank panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel submission with Aldermore Bank is refused?
- How long does the application process take when applying to be reinstated onto the Aldermore Bank conveyancing panel?
- Is there a cost to revert back onto the Aldermore Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on the Aldermore Bank conveyancing panel?
- What happens if our Aldermore Bank panel reinstatement application is declined and our client has a mortgage offer with the Aldermore Bank?
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.