Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Aldermore Bank
- Breaches of Aldermore Bank conveyancing panel Terms and Conditions
- Failure to act in accordance with the Aldermore Bank panel requirements, the written instructions that Aldermore Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Aldermore Bank may subsequently adopt.
- Your practice no longer meets the criteria to remain on the Aldermore Bank conveyancing panel
- Significant 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.
Aldermore Bank Conveyancing Panel Reinstatement: Common Questions
- Please can you set out the application process to revert back onto the Aldermore Bank conveyancing panel?
- What happens if our Aldermore Bank panel reinstatement application is rejected and the client of the firm has a mortgage application with the Aldermore Bank?
- Does my practice need to apply annually to be reinstated on the Aldermore Bank conveyancing panel?
- Do any avenues remain open if our reinstatement panel application with Aldermore Bank is rejected?
- 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.