Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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 adopt.
- Breaches of Bank of Scotland conveyancing panel requirements
- Significant non-compliance with post completion requirements on behalf of Bank of Scotland
- Bank of Scotland may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Missing deadline to reapply to be on the Bank of Scotland convincing panel
Bank of Scotland panel reinstatement : questions that we get asked
- Does the COLP in my firm need to sign the reinstatement application to the Bank of Scotland panel ?
- What is the application procedures to be reinstated onto the Bank of Scotland conveyancing panel?
- Am I restricted as to the amount of times my firm can apply to be reinstated on the Bank of Scotland conveyancing panel?
- What will happen if our Bank of Scotland panel reinstatement application is declined and our client has a mortgage application with the Bank of Scotland?
- How long does the application process take when applying to revert back 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.