Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Breaches of Atom Bank conveyancing panel Terms and Conditions
- Failure to reapply to be on the Atom Bank convincing panel
- Non-compliance 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 subscribe.
- Your firm fails to meet the criteria to remain on the Atom Bank conveyancing panel
Answers to Frequently asked questions concerning Atom Bank panel reinstatement
- Who should complete the reinstatement application to the Atom Bank panel ?
- Can you outline the application process to be reinstated onto the Atom Bank conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Atom Bank is turned down?
- Is there a cost to be reinstated onto the Atom Bank conveyancing panel?
- What times frames are involved when applying to be reinstated 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.