Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Atom Bank conveyancing panel requirements
- Recurring 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 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 subscribe.
- Recurring non-compliance with post completion requirements set by Atom Bank
- 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.
Atom Bank panel reinstatement : questions that we get asked
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the Atom Bank conveyancing panel?
- Is there a fee to revert back onto the Atom Bank conveyancing panel?
- Who should complete the reinstatement application to the Atom Bank panel ?
- What are our options if our reinstatement panel submission with Atom Bank is rejected?
- Does my practice need to apply annually to remain 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 preferred 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.