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

  • Non-compliance with the Bank of Scotland panel requirements, the written instructions that Bank of Scotland provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Scotland may subsequently subscribe.
  • 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.
  • Missing deadline to reapply to be on the Bank of Scotland convincing panel
  • Recurring delays in post completion requirements set by Bank of Scotland
  • 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.

Questions Bank of Scotland panel reinstatement firms ask us

  • Is it possible to find out our application for reinstatement was turned down?
  • Can this firm act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being progressed? How do I know if our reinstatement application to the Bank of Scotland panel is accepted?
  • Am I restricted as to the amount of times my practice can apply to get back on the Bank of Scotland conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel application with Bank of Scotland is turned down?
  • What is the application protocol 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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