Removal from the Birmingham Bank and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements set by Birmingham Bank
- Birmingham Bank 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.
- Recurring delays in registering a charge on behalf of Birmingham Bank Delays or failure to register the Birmingham Bank charge may result in referral to external lawyers of Birmingham Bank to complete outstanding requirements.
- Failure to act in accordance with the Birmingham Bank panel terms, the written instructions that Birmingham Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Birmingham Bank may subsequently subscribe.
- Missing deadline to reapply to be on the Birmingham Bank convincing panel
Questions Birmingham Bank panel reinstatement firms ask us
- Do any avenues remain open if our reinstatement panel submission with Birmingham Bank is refused?
- Can we appeal if our application for reinstatement was refused?
- How long does the application process take when applying to be reinstated onto the Birmingham Bank conveyancing panel?
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the Birmingham Bank conveyancing panel?
- What happens if our Birmingham Bank panel reinstatement application is rejected and the client of the firm has a mortgage application with the Birmingham Bank?
Top Tip: The best way to avoid the hassle of seeking Birmingham Bank panel reinstatement is to ensure that your firm is not removed off of the Birmingham Bank 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 Birmingham Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Birmingham Bank 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 Birmingham Bank conveyancing panel.