Removal from the Aldermore Bank and other lender panels: Why they do it and how to get reinstated
- 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 subscribe.
- Your law firm no longer meets the criteria to remain on the Aldermore Bank conveyancing panel
- Breaches of Aldermore Bank conveyancing panel Terms and Conditions
- Significant delays in post completion requirements set by Aldermore Bank
- 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.
How can we assist? Aldermore Bank panel reinstatement questions
- What are the next steps open to me if our Aldermore Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Aldermore Bank?
- Can you outline the application procedures to revert back onto the Aldermore Bank conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Aldermore Bank is rejected?
- How often will this firm be required to re-apply to remain on the Aldermore Bank conveyancing panel?
- Is there a cost to be reinstated 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.