Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Co operative Bank
- Recurring 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.
- Failure to act in accordance with the Co operative Bank panel requirements, 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.
- Your practice fails to meet the criteria to remain on the Co operative Bank conveyancing panel
- Co operative Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Co operative Bank panel reinstatement: Five Common Questions
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Co operative Bank is turned down?
- Does the COLP in my firm need to complete the reinstatement application to the Co operative Bank panel ?
- Can you outline the application protocol to revert back onto the Co operative Bank conveyancing panel?
- Can this firm act for Co operative Bank while the appeal for reinstatement on the Co operative Bank panel is being reviewed? How do I find out if our reinstatement appeal to the Co operative Bank panel is accepted?
- What will happen if our Co operative Bank panel reinstatement application is rejected and our client has a mortgage application with the Co operative Bank?
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 preferred 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.