Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated

  • Aldermore Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Recurring non-compliance with post completion requirements set by Aldermore Bank
  • Non-compliance with the Aldermore Bank panel requirements, 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.
  • Significant 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 fails to meet the criteria to remain on the Aldermore Bank conveyancing panel

Aldermore Bank panel reinstatement: Five Common Questions

  • Who should sign the reinstatement application to the Aldermore Bank panel ?
  • Can this firm act for Aldermore Bank while the application for reinstatement on the Aldermore Bank panel is being reviewed? How do I know if our reinstatement appeal to the Aldermore Bank panel is accepted?
  • Can we appeal if this practice’s application for reinstatement was refused?
  • Does my practice need to apply annually to be reinstated on the Aldermore Bank conveyancing panel?
  • Is there a limit to the amount of times my firm can submit applications to get back on 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.

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