Removal from the Coutts & Co and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Breaches of Coutts & Co conveyancing panel Terms and Conditions
- 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 subscribe.
- 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.
- Persistent delays in post completion requirements set by Coutts & Co
Top questions concerning Coutts & Co panel reinstatement
- What happens if our Coutts & Co panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Coutts & Co?
- How long does the application process take when applying to revert back onto the Coutts & Co conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Coutts & Co is turned down?
- Can we act for Coutts & Co while the application for reinstatement on the Coutts & Co panel is being assessed? How do I know if our reinstatement appeal to the Coutts & Co panel is accepted?
- Please can you set out the application process to revert back onto the Coutts & Co conveyancing panel?
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.