Removal from the Bradford & Bingley and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of Bradford & Bingley Delays or failure to register the Bradford & Bingley charge may result in referral to external lawyers of Bradford & Bingley to complete outstanding requirements.
- Missing deadline to reapply to remain on the Bradford & Bingley convincing panel
- Non-compliance with the Bradford & Bingley panel terms, the written instructions that Bradford & Bingley provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bradford & Bingley may subsequently adopt.
- Bradford & Bingley 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 post completion requirements on behalf of Bradford & Bingley
Bradford & Bingley panel reinstatement : You have questions, we have answers
- Do any avenues remain open if our reinstatement panel submission with Bradford & Bingley is refused?
- Is there a fee to revert back onto the Bradford & Bingley conveyancing panel?
- Can you outline the application protocol to be reinstated onto the Bradford & Bingley conveyancing panel?
- Who should complete the reinstatement application to the Bradford & Bingley panel ?
- Can we appeal if our application for reinstatement was turned down?
Top Tip: The best way to avoid the hassle of seeking Bradford & Bingley panel reinstatement is to ensure that your firm is not removed off of the Bradford & Bingley 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 Bradford & Bingley conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Bradford & Bingley 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 Bradford & Bingley conveyancing panel.