Removal from the Bradford & Bingley and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Bradford & Bingley conveyancing panel
- Failure to act in accordance 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 subscribe.
- Failure to reapply to be on the Bradford & Bingley convincing panel
- Breaches of Bradford & Bingley conveyancing panel Terms and Conditions
- 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.
Bradford & Bingley panel reinstatement : questions that we get asked
- Can this firm act for Bradford & Bingley while the appeal for reinstatement on the Bradford & Bingley panel is being reviewed? How do I discover if our reinstatement application to the Bradford & Bingley panel is accepted?
- Does the COLP in my firm need to sign the reinstatement application to the Bradford & Bingley panel ?
- What are the next steps open to me if our Bradford & Bingley panel reinstatement application is declined and our client has a mortgage application with the Bradford & Bingley?
- What is the application procedures to be reinstated onto the Bradford & Bingley conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on 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.