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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Co operative Bank may subsequently subscribe.
- 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.
- Failure to reapply to remain on the Co operative Bank convincing panel
- 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.
- Breaches of Co operative Bank conveyancing panel requirements
Frequently asked questions concerning Co operative Bank panel reinstatement
- Can we appeal if my firm’s application for reinstatement was refused?
- Can you outline the application procedures to revert back onto the Co operative Bank conveyancing panel?
- Is there a limit to the number of times my firm can submit applications to be reinstated on the Co operative Bank conveyancing panel?
- Is there a fee to be reinstated onto the Co operative Bank conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Co operative Bank 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.