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

  • 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.
  • Recurring non-compliance with post completion requirements set by Aldermore Bank
  • Missing deadline to reapply to remain on the Aldermore Bank convincing panel
  • Non-compliance with the Aldermore Bank panel terms, 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 subscribe.
  • 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.

Aldermore Bank panel reinstatement: Five Common Questions

  • Is it the practice manager who is required to sign the reinstatement application to the Aldermore Bank panel ?
  • Is there a limit to the number of occasions my firm can submit applications to get back on the Aldermore Bank conveyancing panel?
  • Do any avenues remain open if my firm’s reinstatement panel application with Aldermore Bank is rejected?
  • How long does the application process take when applying to revert back onto the Aldermore Bank conveyancing panel?
  • What are the consequences if our Aldermore Bank panel reinstatement application is refused 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.

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