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.
- Breaches of Co operative Bank conveyancing panel requirements
- Failure to act in accordance with the Co operative Bank panel requirements, 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 adopt.
- Persistent non-compliance with post completion requirements on behalf of Co operative Bank
- Your firm fails to meet the criteria to remain on the Co operative Bank conveyancing panel
Co operative Bank Conveyancing Panel Reinstatement: Common Questions
- Who should sign the reinstatement application to the Co operative Bank panel ?
- Is there a limit to the amount of occasions my practice can apply to get back on the Co operative Bank conveyancing panel?
- What is the application procedures to revert back onto the Co operative Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Co operative Bank conveyancing panel?
- Are you able to explain why our application for reinstatement was 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.