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.
- 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.
- 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.
- Breaches of Atom Bank conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements set by Atom Bank
Frequently asked questions concerning Atom Bank panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel application with Atom Bank is turned down?
- Please can you set out the application process to revert back 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 progressed? How do I discover if our reinstatement application to the Atom Bank panel is approved?
- How often will this firm be required to re-apply to remain on the Atom Bank conveyancing panel?
- Is there a limit to the amount of times my firm can apply to get back 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 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.