Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant delays in post completion requirements set by Bank of Scotland
- Non-compliance with the Bank of Scotland panel requirements, 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.
- 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.
- Your firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
FAQs : Bank of Scotland Conveyancing panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Bank of Scotland conveyancing panel?
- 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?
- Is there a cost to revert back onto the Bank of Scotland conveyancing panel?
- How do I discover why this practice’s application for reinstatement was rejected?
- Is there a limit to the number of times my practice can submit applications to get back 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 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.