Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated

  • Breaches of Bank of Scotland conveyancing panel requirements
  • Failure to act in accordance with the Bank of Scotland panel terms, the written instructions that Bank of Scotland give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Scotland may subsequently subscribe.
  • Significant non-compliance with post completion requirements on behalf of Bank of Scotland
  • Your firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
  • Significant delays in registering security on behalf of Bank of Scotland Delays or failure to register the Bank of Scotland charge may result in referral to external lawyers of Bank of Scotland to complete outstanding requirements.

How can we assist? Bank of Scotland panel reinstatement questions

  • Is there a limit to the number of times my law firm can apply to get back on the Bank of Scotland conveyancing panel?
  • What are the consequences if our Bank of Scotland panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Bank of Scotland?
  • Can we appeal if my firm’s application for reinstatement was refused?
  • Can this firm act for Bank of Scotland while the appeal for reinstatement on the Bank of Scotland panel is being assessed? How do I know if our reinstatement application to the Bank of Scotland panel is accepted?
  • How long does the application process take when applying to be reinstated onto the Bank of Scotland conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking Bank of Scotland panel reinstatement is to ensure that your firm is not removed off of the Bank of Scotland 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 Bank of Scotland conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Bank of Scotland 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 Bank of Scotland conveyancing panel.

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