Removal from the Atom Bank and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- 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.
- Your firm fails to meet the criteria to remain on the Atom Bank conveyancing panel
- Missing deadline to reapply to be on the Atom Bank convincing panel
- Recurring non-compliance with post completion requirements set by Atom Bank
Answers to Frequently asked questions concerning Atom Bank panel reinstatement
- Is there a charge to revert back onto the Atom Bank conveyancing panel?
- How do I discover why this practice’s application for reinstatement was declined?
- Is there a limit to the amount of occasions my firm can submit applications to get back on the Atom Bank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Atom Bank is refused?
- How often will this firm be required to re-apply to be reinstated 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.