Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Bank of Scotland convincing panel
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- 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.
- 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.
- Your firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
Questions Bank of Scotland panel reinstatement firms ask us
- Do any avenues remain open if our reinstatement panel submission with Bank of Scotland is refused?
- Can we act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being progressed? How do I discover if our reinstatement application to the Bank of Scotland panel is approved?
- Please can you set out the application procedures to revert back onto the Bank of Scotland conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement is declined?
- What will happen if our Bank of Scotland panel reinstatement application is declined and the client of the firm has a mortgage application 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 preferred 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.