Removal from the Clydesdale Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Clydesdale Bank conveyancing panel requirements
- Significant delays in post completion requirements set by Clydesdale Bank
- Clydesdale Bank 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.
- Failure to act in accordance with the Clydesdale Bank panel requirements, the written instructions that Clydesdale Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Clydesdale Bank may subsequently adopt.
- Your firm fails to meet the criteria to remain on the Clydesdale Bank conveyancing panel
Answers to Frequently asked questions concerning Clydesdale Bank panel reinstatement
- Is there a charge to be reinstated onto the Clydesdale Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Clydesdale Bank conveyancing panel?
- Is there a limit to the amount of times my law firm can apply to get back on the Clydesdale Bank conveyancing panel?
- Can this firm act for Clydesdale Bank while the appeal for reinstatement on the Clydesdale Bank panel is being processed? How do I know if our reinstatement application to the Clydesdale Bank panel is accepted?
- Does the COLP in my firm need to sign the reinstatement application to the Clydesdale Bank panel ?
Top Tip: The best way to avoid the hassle of seeking Clydesdale Bank panel reinstatement is to ensure that your firm is not removed off of the Clydesdale Bank 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 Clydesdale Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Clydesdale Bank directly or via their appointed 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 Clydesdale Bank conveyancing panel.