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
- Breaches of Atom Bank conveyancing panel Terms and Conditions
- 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.
- Failure to act in accordance with the Atom Bank panel terms, 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 subscribe.
- Recurring delays in post completion requirements set by Atom Bank
Top questions concerning Atom Bank panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Atom Bank is rejected?
- Does my practice need to apply annually to be reinstated on the Atom Bank conveyancing panel?
- Can we act for Atom Bank while the appeal for reinstatement on the Atom Bank panel is being reviewed? How do I find out if our reinstatement application to the Atom Bank panel is approved?
- Does the COLP in my firm need to sign the reinstatement application to the Atom Bank panel ?
- Is there a charge 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.