Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Atom Bank panel requirements, 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.
- Failure to reapply to be on the Atom Bank convincing panel
- 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.
- Breaches of Atom Bank conveyancing panel requirements
- 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.
Top questions concerning Atom Bank panel reinstatement
- Can this firm act for Atom Bank while the application for reinstatement on the Atom Bank panel is being processed? How do I know if our reinstatement appeal to the Atom Bank panel is accepted?
- Is there a limit to the number of times my firm can submit applications to be reinstated on the Atom Bank conveyancing panel?
- Do any avenues remain open if our reinstatement panel application with Atom Bank is refused?
- Please can you set out the application procedures to be reinstated onto the Atom Bank conveyancing panel?
- Is there a cost 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.