Removal from the Bradford & Bingley and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant 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
- Your firm fails to meet the criteria to remain on the Bradford & Bingley conveyancing panel
- Significant non-compliance with post completion requirements set by Bradford & Bingley
Frequently asked questions concerning Bradford & Bingley panel reinstatement
- Am I restricted as to the number of times my firm can submit applications to get back on the Bradford & Bingley conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is rejected?
- What are our options if my firm’s reinstatement panel application with Bradford & Bingley is declined?
- Does my practice need to apply annually to remain on the Bradford & Bingley conveyancing panel?
- Is there a cost to be reinstated onto the Bradford & Bingley conveyancing panel?
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.