Removal from the Bradford & Bingley and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Bradford & Bingley conveyancing panel
- 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.
- Breaches of Bradford & Bingley conveyancing panel Terms and Conditions
- Failure to reapply to remain on the Bradford & Bingley convincing panel
- Non-compliance with the Bradford & Bingley panel requirements, 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 subscribe.
Answers to Frequently asked questions concerning Bradford & Bingley panel reinstatement
- Who should sign the reinstatement application to the Bradford & Bingley panel ?
- Is there a charge to be reinstated onto the Bradford & Bingley conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with Bradford & Bingley is declined?
- How often will this firm be required to re-apply to remain on the Bradford & Bingley conveyancing panel?
- What are the consequences if our Bradford & Bingley panel reinstatement application is refused and our client has a mortgage application with the Bradford & Bingley?
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.