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.
- 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.
- Failure to act in accordance 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 adopt.
- Missing deadline to reapply to remain on the Aldermore Bank convincing panel
- Recurring non-compliance with post completion requirements on behalf of Aldermore Bank
How can we assist? Aldermore Bank panel reinstatement questions
- What will happen if our Aldermore Bank panel reinstatement application is rejected and our client has a mortgage offer with the Aldermore Bank?
- Am I restricted as to the number of times my practice can apply to get back on the Aldermore Bank conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Aldermore Bank panel ?
- Does my practice need to apply annually to be reinstated on the Aldermore Bank conveyancing panel?
- How long does the application process take when applying 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 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.