Removal from the Coutts & Co and other lender panels: Why they do it and how to get reinstated
- Persistent 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 on behalf of Coutts & Co
- Failure to act in accordance with the Coutts & Co panel terms, 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.
- Breaches of Coutts & Co conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the Coutts & Co convincing panel
Coutts & Co panel reinstatement : You have questions, we have answers
- Does the COLP in my firm need to sign the reinstatement application to the Coutts & Co panel ?
- Does my practice need to apply annually to remain on the Coutts & Co conveyancing panel?
- Is there a charge to revert back onto the Coutts & Co conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Coutts & Co is declined?
- Am I restricted as to the number of occasions my law firm can apply to get back on 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.