Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Bank of Scotland
- Failure to reapply to remain on the Bank of Scotland convincing panel
- Bank of Scotland 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.
- Recurring 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.
- Breaches of Bank of Scotland conveyancing panel requirements
Bank of Scotland panel reinstatement : You have questions, we have answers
- How do I discover why our application for reinstatement was declined?
- Is there a cost to be reinstated onto the Bank of Scotland conveyancing panel?
- Is there a limit to the number of occasions my firm can apply to be reinstated on the Bank of Scotland conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Bank of Scotland conveyancing panel?
- Does my practice need to apply annually to be reinstated on 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.