Removal from the Co operative Bank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Co operative Bank panel terms, 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 adopt.
- Missing deadline to reapply to be 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.
- Persistent non-compliance with post completion requirements set by Co operative Bank
- Breaches of Co operative Bank conveyancing panel requirements
Co operative Bank panel reinstatement : You have questions, we have answers
- Can you outline the application protocol to be reinstated onto the Co operative Bank conveyancing panel?
- How long does the application process take when applying to be reinstated 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?
- Is the door firmly shut if my firm’s reinstatement panel submission with Co operative Bank is refused?
- Is there a limit to the amount of occasions my law firm can apply to get back 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.