Removal from the Bank of Scotland Private and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Bank of Scotland Private conveyancing panel
- Recurring 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.
- Missing deadline to reapply to be on the Bank of Scotland Private convincing panel
- Recurring non-compliance with post completion requirements set by Bank of Scotland Private
- Bank of Scotland Private 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.
Bank of Scotland Private Conveyancing Panel Reinstatement: Common Questions
- How often will this firm be required to re-apply to remain on the Bank of Scotland Private conveyancing panel?
- Is there a fee to be reinstated onto the Bank of Scotland Private conveyancing panel?
- What are the next steps open to me if our Bank of Scotland Private panel reinstatement application is refused and the client of the firm has a mortgage application with the Bank of Scotland Private?
- Does the COLP in my firm need to sign the reinstatement application to the Bank of Scotland Private panel ?
- Do any avenues remain open if my firm’s reinstatement panel submission with Bank of Scotland Private is turned down?
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.