Removal from the Coutts & Co and other lender panels: Why they do it and how to get reinstated
- 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 subscribe.
- Missing deadline to reapply to remain on the Coutts & Co convincing panel
- Recurring delays in registering a charge 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.
- Your practice fails to meet the criteria to remain on the Coutts & Co conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Coutts & Co
FAQs : Coutts & Co Conveyancing panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Coutts & Co conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Coutts & Co is refused?
- Can this firm act for Coutts & Co while the application for reinstatement on the Coutts & Co panel is being progressed? How do I find out if our reinstatement appeal to the Coutts & Co panel is accepted?
- Is there a cost to be reinstated onto the Coutts & Co conveyancing panel?
- What happens if our Coutts & Co panel reinstatement application is turned down and the client of the firm has a mortgage application with the Coutts & Co?
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 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 Coutts & Co conveyancing panel.