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 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Atom Bank may subsequently adopt.
- Persistent non-compliance with post completion requirements on behalf of Atom Bank
- Your firm no longer meets the criteria to remain on the Atom Bank conveyancing panel
- 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.
How can we assist? Atom Bank panel reinstatement questions
- How often will this firm be required to re-apply to remain on the Atom Bank conveyancing panel?
- Who should complete the reinstatement application to the Atom Bank panel ?
- What will happen if our Atom Bank panel reinstatement application is turned down and our client has a mortgage application with the Atom Bank?
- Can this firm act for Atom Bank while the application for reinstatement on the Atom Bank panel is being reviewed? How do I find out if our reinstatement appeal to the Atom Bank panel is accepted?
- 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 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.