Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Bank of Scotland convincing panel
- Non-compliance with the Bank of Scotland panel requirements, 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 set by Bank of Scotland
- Breaches of Bank of Scotland conveyancing panel requirements
- Your law firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
Bank of Scotland panel reinstatement : You have questions, we have answers
- Can we act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being processed? How do I discover if our reinstatement application to the Bank of Scotland panel is approved?
- How often will this firm be required to re-apply to be reinstated on the Bank of Scotland conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement was turned down?
- Can you outline the application procedures to be reinstated onto the Bank of Scotland conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with Bank of Scotland is rejected?
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 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 Bank of Scotland conveyancing panel.