Removal from the Coutts & Co and other lender panels: Why they do it and how to get reinstated
- Coutts & Co 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.
- Failure to reapply to remain on the Coutts & Co convincing panel
- Failure to act in accordance with the Coutts & Co panel requirements, the written instructions that Coutts & Co give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Coutts & Co may subsequently adopt.
- Significant delays in registering security on behalf of Coutts & Co Delays or failure to register the Coutts & Co charge may result in referral to external lawyers of Coutts & Co to complete outstanding requirements.
- Recurring non-compliance with post completion requirements set by Coutts & Co
Frequently asked questions concerning Coutts & Co panel reinstatement
- What will happen if our Coutts & Co panel reinstatement application is refused and our client has a mortgage offer with the Coutts & Co?
- Is it the practice manager who is required to complete the reinstatement application to the Coutts & Co panel ?
- Is there a cost to be reinstated onto the Coutts & Co conveyancing panel?
- How do I discover why our application for reinstatement is declined?
- Can this firm act for Coutts & Co while the appeal for reinstatement on the Coutts & Co panel is being processed? How do I discover if our reinstatement application to the Coutts & Co panel is approved?
Top Tip: The best way to avoid the hassle of seeking Coutts & Co panel reinstatement is to ensure that your firm is not removed off of the Coutts & Co 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 Coutts & Co conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Coutts & Co 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 Coutts & Co conveyancing panel.