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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • 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 subscribe.
  • Persistent 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.
  • Your practice fails to meet the criteria to remain on the Aldermore Bank conveyancing panel
  • Breaches of Aldermore Bank conveyancing panel Terms and Conditions

Aldermore Bank panel reinstatement: Five Common Questions

  • What times frames are involved when applying to be reinstated onto the Aldermore Bank conveyancing panel?
  • Is there a cost to be reinstated onto the Aldermore Bank conveyancing panel?
  • Who should sign the reinstatement application to the Aldermore Bank panel ?
  • Is it possible to find out this practice’s application for reinstatement was rejected?
  • Can we 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?

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.

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