Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements on behalf of Bank of Scotland
- 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.
- Your practice fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
- Failure to reapply to remain on the Bank of Scotland convincing panel
- 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.
Bank of Scotland Conveyancing Panel Reinstatement: Common Questions
- Is it possible to find out this practice’s application for reinstatement is refused?
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the Bank of Scotland conveyancing panel?
- What are the next steps open to me if our Bank of Scotland panel reinstatement application is rejected and the client of the firm has a mortgage application with the Bank of Scotland?
- Is the door firmly shut if our reinstatement panel application with Bank of Scotland is rejected?
- Does my practice need to apply annually to remain on 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.