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 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 subscribe.
- Failure to reapply to remain on the Bank of Scotland convincing panel
- Recurring 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.
- Recurring delays in post completion requirements set by Bank of Scotland
- Your law firm no longer meets the criteria to remain on the Bank of Scotland conveyancing panel
Common queries about Bank of Scotland conveyancing panel reinstatement
- Can we appeal if my firm’s application for reinstatement is rejected?
- Is there a cost to revert back onto the Bank of Scotland conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Bank of Scotland is declined?
- Am I restricted as to the number of times my practice can apply to get back on the Bank of Scotland conveyancing panel?
- Please can you set out the application procedures to be reinstated 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 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.