Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Atom Bank convincing panel
- Recurring delays in registering a charge on behalf of Atom Bank Delays or failure to register the Atom Bank charge may result in referral to external lawyers of Atom Bank to complete outstanding requirements.
- Recurring delays in post completion requirements set by Atom Bank
- Your law firm fails to meet the criteria to remain on the Atom Bank conveyancing panel
- Atom 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.
Common queries about Atom Bank conveyancing panel reinstatement
- Is there a cost to be reinstated onto the Atom Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Atom Bank panel ?
- Can we act for Atom Bank while the appeal for reinstatement on the Atom Bank panel is being progressed? How do I know if our reinstatement appeal to the Atom Bank panel is accepted?
- What are the next steps open to me if our Atom Bank panel reinstatement application is refused and our client has a mortgage offer with the Atom Bank?
- How often will this firm be required to re-apply to be reinstated on the Atom Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Atom Bank panel reinstatement is to ensure that your firm is not removed off of the Atom 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 Atom Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Atom 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 Atom Bank conveyancing panel.