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 non-compliance with post completion requirements set by Bradford & Bingley
- Recurring 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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bradford & Bingley may subsequently subscribe.
Common queries about Bradford & Bingley conveyancing panel reinstatement
- What times frames are involved when applying to revert back onto the Bradford & Bingley conveyancing panel?
- What are the consequences if our Bradford & Bingley panel reinstatement application is declined and the client of the firm has a mortgage offer with the Bradford & Bingley?
- Does my practice need to apply annually to remain on the Bradford & Bingley conveyancing panel?
- Is it possible to find out our application for reinstatement is rejected?
- Can we act for Bradford & Bingley while the application for reinstatement on the Bradford & Bingley panel is being progressed? How do I find out if our reinstatement appeal to the Bradford & Bingley panel is approved?
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.