Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Atom 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.
- Failure to reapply to be on the Atom Bank convincing panel
- Persistent delays in post completion requirements set by Atom Bank
- Failure to act in accordance with the Atom Bank panel requirements, the written instructions that Atom Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Atom Bank may subsequently adopt.
- Persistent 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.
Frequently asked questions concerning Atom Bank panel reinstatement
- How long does the application process take when applying to be reinstated onto the Atom Bank conveyancing panel?
- Is there a fee to be reinstated onto the Atom Bank conveyancing panel?
- What are the consequences if our Atom Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Atom Bank?
- Who should complete the reinstatement application to the Atom Bank panel ?
- Can you outline the application process to revert back onto 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 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 Atom Bank conveyancing panel.