Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Your practice no longer meets the criteria to remain on the Co operative Bank conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Co operative Bank
- Persistent delays in registering a charge 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.
How can we assist? Co operative Bank panel reinstatement questions
- Is there a charge to revert back onto the Co operative Bank conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was rejected?
- Is there a limit to the number of occasions my practice can apply to get back on the Co operative Bank conveyancing panel?
- Can you outline the application procedures to be reinstated onto the Co operative Bank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Co operative Bank is 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.