Removal from the Bank of Scotland Private and other lender panels: Why they do it and how to get reinstated
- Bank of Scotland Private 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.
- Non-compliance with the Bank of Scotland Private panel requirements, the written instructions that Bank of Scotland Private provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Scotland Private may subsequently adopt.
- Breaches of Bank of Scotland Private conveyancing panel requirements
- Your firm no longer meets the criteria to remain on the Bank of Scotland Private conveyancing panel
- Persistent delays in registering security on behalf of Bank of Scotland Private Delays or failure to register the Bank of Scotland Private charge may result in referral to external lawyers of Bank of Scotland Private to complete outstanding requirements.
Bank of Scotland Private panel reinstatement: Five Common Questions
- Am I restricted as to the number of occasions my firm can submit applications to be reinstated on the Bank of Scotland Private conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Bank of Scotland Private is rejected?
- What are the consequences if our Bank of Scotland Private panel reinstatement application is turned down and the client of the firm has a mortgage application with the Bank of Scotland Private?
- Is there a fee to be reinstated onto the Bank of Scotland Private conveyancing panel?
- How often will this firm be required to re-apply to remain on the Bank of Scotland Private conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Bank of Scotland Private panel reinstatement is to ensure that your firm is not removed off of the Bank of Scotland Private 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 Private conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Bank of Scotland Private 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 Private conveyancing panel.