Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Bank of Scotland conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Bank of Scotland
- Non-compliance 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.
- 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.
- Failure to reapply to remain on the Bank of Scotland convincing panel
Bank of Scotland panel reinstatement : questions that we get asked
- What times frames are involved when applying to revert back onto the Bank of Scotland conveyancing panel?
- Is there a charge to revert back onto the Bank of Scotland conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Bank of Scotland conveyancing panel?
- Is there a limit to the number of times my practice can submit applications to get back on the Bank of Scotland conveyancing panel?
- Can we act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being assessed? How do I discover if our reinstatement appeal to the Bank of Scotland panel is accepted?
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.