Removal from the Clydesdale Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge on behalf of Clydesdale Bank Delays or failure to register the Clydesdale Bank charge may result in referral to external lawyers of Clydesdale Bank to complete outstanding requirements.
- Breaches of Clydesdale Bank conveyancing panel requirements
- Failure to reapply to be on the Clydesdale Bank convincing panel
- Failure to act in accordance with the Clydesdale Bank panel requirements, the written instructions that Clydesdale Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Clydesdale Bank may subsequently adopt.
- 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.
Answers to Frequently asked questions concerning Clydesdale Bank panel reinstatement
- Is there a limit to the amount of occasions my practice can submit applications to get back on the Clydesdale Bank conveyancing panel?
- Is there a charge to be reinstated onto the Clydesdale Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Clydesdale Bank conveyancing panel?
- Can we act for Clydesdale Bank while the application for reinstatement on the Clydesdale Bank panel is being progressed? How do I discover if our reinstatement application to the Clydesdale Bank panel is accepted?
- What times frames are involved when applying to be reinstated onto the Clydesdale Bank conveyancing 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 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 Clydesdale Bank conveyancing panel.