Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Atom Bank conveyancing panel
- Persistent delays in registering security 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.
- Non-compliance with the Atom Bank panel terms, the written instructions that Atom Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Atom Bank may subsequently adopt.
- Missing deadline to reapply to remain on the Atom Bank convincing panel
- Significant delays in post completion requirements on behalf of Atom Bank
Frequently asked questions concerning Atom Bank panel reinstatement
- Is there a charge to be reinstated onto the Atom Bank conveyancing panel?
- Can this firm act for Atom Bank while the application for reinstatement on the Atom Bank panel is being reviewed? How do I discover if our reinstatement application to the Atom Bank panel is accepted?
- Is it possible to find out this practice’s application for reinstatement is rejected?
- Is it the practice manager who is required to sign the reinstatement application to the Atom Bank panel ?
- Please can you set out the application process to be reinstated 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.