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

  • Breaches of Bank of Scotland conveyancing panel Terms and Conditions
  • Significant delays in post completion requirements set by Bank of Scotland
  • Missing deadline to reapply to remain on the Bank of Scotland convincing panel
  • 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.
  • Failure to act in accordance with the Bank of Scotland panel terms, 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 adopt.

Top questions concerning Bank of Scotland panel reinstatement

  • Can you outline the application protocol to be reinstated onto the Bank of Scotland conveyancing panel?
  • Is it possible to find out my firm’s application for reinstatement is refused?
  • Is there a fee to revert back onto 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?
  • What happens if our Bank of Scotland panel reinstatement application is rejected and our client 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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