Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Co operative Bank conveyancing panel
- Missing deadline 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.
- Breaches of Co operative Bank conveyancing panel requirements
- 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.
Answers to Frequently asked questions concerning Co operative Bank panel reinstatement
- What is the application process to be reinstated onto the Co operative Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Co operative Bank panel ?
- Is there a fee to be reinstated onto the Co operative Bank conveyancing panel?
- Is there a limit to the number of times my firm can submit applications to get back on 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?
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.