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

  • Significant delays in registering a charge 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.
  • Missing deadline to reapply to be on the Bank of Scotland convincing panel
  • 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.
  • Your law firm no longer meets the criteria to remain on the Bank of Scotland conveyancing panel

Bank of Scotland panel reinstatement: Five Common Questions

  • Does the COLP in my firm need to complete the reinstatement application to the Bank of Scotland panel ?
  • Am I restricted as to the number of times my practice can submit applications to get back on the Bank of Scotland conveyancing panel?
  • Is the door firmly shut if my firm’s reinstatement panel application with Bank of Scotland is declined?
  • Can we appeal if my firm’s application for reinstatement was declined?
  • What happens if our Bank of Scotland panel reinstatement application is declined and the client of the firm has a mortgage offer with the Bank of Scotland?

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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