Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- 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.
- 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.
- Breaches of Bank of Scotland conveyancing panel requirements
- Your law firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
- Missing deadline to reapply to remain on the Bank of Scotland convincing panel
Answers to Frequently asked questions concerning Bank of Scotland panel reinstatement
- Is there a cost to revert back onto the Bank of Scotland conveyancing panel?
- How often will this firm be required to re-apply to remain on the Bank of Scotland conveyancing panel?
- What are the consequences if our Bank of Scotland panel reinstatement application is refused and our client has a mortgage application with the Bank of Scotland?
- What times frames are involved when applying to be reinstated onto the Bank of Scotland conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement was declined?
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.