Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Co operative Bank
- Breaches of Co operative Bank conveyancing panel Terms and Conditions
- Missing deadline to reapply to remain on the Co operative Bank convincing panel
- 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 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.
Frequently asked questions concerning Co operative Bank panel reinstatement
- What will happen if our Co operative Bank panel reinstatement application is refused and our client has a mortgage offer with the Co operative Bank?
- Can this firm act for Co operative Bank while the application for reinstatement on the Co operative Bank panel is being assessed? How do I discover if our reinstatement appeal to the Co operative Bank panel is accepted?
- What is the application process to revert back onto the Co operative Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Co operative Bank conveyancing panel?
- Am I restricted as to the number of occasions my practice can 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 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.