Removal from the Birmingham Bank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Birmingham Bank panel requirements, the written instructions that Birmingham Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Birmingham Bank may subsequently adopt.
- Persistent non-compliance with post completion requirements on behalf of Birmingham Bank
- Failure to reapply to remain on the Birmingham Bank convincing panel
- Significant delays in registering security 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.
- Your practice no longer meets the criteria to remain on the Birmingham Bank conveyancing panel
Birmingham Bank panel reinstatement: Five Common Questions
- Can this firm act for Birmingham Bank while the application for reinstatement on the Birmingham Bank panel is being assessed? How do I know if our reinstatement appeal to the Birmingham Bank panel is accepted?
- What are the next steps open to me if our Birmingham Bank panel reinstatement application is turned down and our client has a mortgage application with the Birmingham Bank?
- Does my practice need to apply annually to remain on the Birmingham Bank conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Birmingham Bank panel ?
- Is the door firmly shut if my firm’s reinstatement panel submission with Birmingham Bank is declined?
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 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 Birmingham Bank conveyancing panel.