Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Co operative 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.
- Your practice fails to meet the criteria to remain on the Co operative Bank conveyancing panel
- Non-compliance with the Co operative Bank panel terms, the written instructions that Co operative Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Co operative Bank may subsequently subscribe.
- Breaches of Co operative Bank conveyancing panel requirements
- Recurring delays in registering a charge on behalf of Co operative Bank Delays or failure to register the Co operative Bank charge may result in referral to external lawyers of Co operative Bank to complete outstanding requirements.
Answers to Frequently asked questions concerning Co operative Bank panel reinstatement
- What happens if our Co operative Bank panel reinstatement application is turned down and our client has a mortgage offer with the Co operative Bank?
- Can we act for Co operative Bank while the appeal for reinstatement on the Co operative Bank panel is being processed? How do I discover if our reinstatement appeal to the Co operative Bank panel is accepted?
- How do I discover why our application for reinstatement is declined?
- How long does the application process take when applying to be reinstated onto the Co operative Bank conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Co operative Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Co operative Bank panel reinstatement is to ensure that your firm is not removed off of the Co operative 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 Co operative Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Co operative 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 Co operative Bank conveyancing panel.