Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- Persistent 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.
- Your practice fails to meet the criteria to remain on the Co operative Bank conveyancing panel
- Failure to reapply to remain on the Co operative Bank convincing panel
- 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.
FAQs : Co operative Bank Conveyancing panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the Co operative Bank panel ?
- What times frames are involved when applying to revert back onto the Co operative Bank conveyancing panel?
- Is there a charge to be reinstated onto the Co operative Bank conveyancing panel?
- Can we appeal if our application for reinstatement was refused?
- Does my practice need to apply annually to remain 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.