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.
- Breaches of Atom Bank conveyancing panel Terms and Conditions
- Significant non-compliance with post completion requirements set by Atom Bank
- 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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Atom Bank may subsequently subscribe.
Answers to Frequently asked questions concerning Atom Bank panel reinstatement
- Please can you set out the application process to revert back onto the Atom Bank conveyancing panel?
- Is there a charge to be reinstated onto the Atom Bank conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement was refused?
- Can this firm act for Atom Bank while the appeal for reinstatement on the Atom Bank panel is being assessed? How do I know if our reinstatement application to the Atom Bank panel is approved?
- Is the door firmly shut if our reinstatement panel application with Atom Bank is turned down?
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.