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.
- Missing deadline to reapply to be on the Bank of Scotland Private convincing panel
- Recurring delays in registering a charge 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.
- Your law firm fails to meet the criteria to remain on the Bank of Scotland Private conveyancing panel
- Breaches of Bank of Scotland Private conveyancing panel requirements
Answers to Frequently asked questions concerning Bank of Scotland Private panel reinstatement
- What will happen if our Bank of Scotland Private panel reinstatement application is refused and the client of the firm has a mortgage offer with the Bank of Scotland Private?
- Please can you set out the application procedures to be reinstated onto the Bank of Scotland Private conveyancing panel?
- Is there a charge to be reinstated onto the Bank of Scotland Private conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Bank of Scotland Private panel ?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated 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 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 Private conveyancing panel.