Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering security 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.
- Persistent non-compliance with post completion requirements on behalf of Co operative Bank
- 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 adopt.
- Missing deadline to reapply to be on the Co operative Bank convincing panel
- Your practice no longer meets the criteria to remain on the Co operative Bank conveyancing panel
How can we assist? Co operative Bank panel reinstatement questions
- Is there a limit to the amount of times my firm can apply to be reinstated on the Co operative Bank conveyancing panel?
- What will happen if our Co operative Bank panel reinstatement application is turned down and our client has a mortgage application with the Co operative Bank?
- Does my practice need to apply annually to remain on the Co operative Bank conveyancing panel?
- What are our options if our reinstatement panel submission with Co operative Bank is refused?
- Are you able to explain why this practice’s application for reinstatement is rejected?
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.