Removal from the Bank of Scotland Private and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Breaches of Bank of Scotland Private conveyancing panel Terms and Conditions
- Significant non-compliance with post completion requirements on behalf of Bank of Scotland Private
- Your law firm fails to meet the criteria to remain on the Bank of Scotland Private conveyancing panel
- Non-compliance with the Bank of Scotland Private panel terms, 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.
FAQs : Bank of Scotland Private Conveyancing panel reinstatement
- Is there a cost to revert back onto the Bank of Scotland Private conveyancing panel?
- Can this firm act for Bank of Scotland Private while the application for reinstatement on the Bank of Scotland Private panel is being reviewed? How do I find out if our reinstatement application to the Bank of Scotland Private panel is approved?
- To what extent is my firm permanently excluded if our reinstatement panel application with Bank of Scotland Private is refused?
- Is it the practice manager who is required to sign the reinstatement application to the Bank of Scotland Private panel ?
- What happens if our Bank of Scotland Private panel reinstatement application is turned down and our client has a mortgage application with the Bank of Scotland Private?
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.