Removal from the Coutts Finance and other lender panels: Why they do it and how to get reinstated
- Coutts Finance may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Recurring delays in post completion requirements on behalf of Coutts Finance
- Breaches of Coutts Finance conveyancing panel requirements
- Failure to act in accordance with the Coutts Finance panel terms, the written instructions that Coutts Finance provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Coutts Finance may subsequently adopt.
- Persistent delays in registering a charge on behalf of Coutts Finance Delays or failure to register the Coutts Finance charge may result in referral to external lawyers of Coutts Finance to complete outstanding requirements.
Coutts Finance panel reinstatement: Five Common Questions
- What times frames are involved when applying to revert back onto the Coutts Finance conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is refused?
- Who should sign the reinstatement application to the Coutts Finance panel ?
- Please can you set out the application procedures to be reinstated onto the Coutts Finance conveyancing panel?
- What are the consequences if our Coutts Finance panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Coutts Finance?
Top Tip: The best way to avoid the hassle of seeking Coutts Finance panel reinstatement is to ensure that your firm is not removed off of the Coutts Finance 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 Finance conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Coutts Finance 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 Finance conveyancing panel.