Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements set by Aldermore Bank
- Persistent 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.
- Your firm no longer meets the criteria to remain on the Aldermore Bank conveyancing panel
- Missing deadline to reapply to remain on the Aldermore Bank convincing panel
- 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.
Aldermore Bank panel reinstatement : You have questions, we have answers
- 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?
- Is it the practice manager who is required to complete the reinstatement application to the Aldermore Bank panel ?
- Please can you set out the application procedures to be reinstated onto the Aldermore Bank conveyancing panel?
- What are the next steps open to me if our Aldermore Bank panel reinstatement application is turned down and the client of the firm has a mortgage application with the Aldermore Bank?
- Is there a charge to revert back 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.