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 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 act in accordance with the Coutts Finance panel requirements, the written instructions that Coutts Finance give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Coutts Finance may subsequently adopt.
- Recurring non-compliance with post completion requirements on behalf of Coutts Finance
- 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.
- Missing deadline to reapply to remain on the Coutts Finance convincing panel
Frequently asked questions concerning Coutts Finance panel reinstatement
- Does my practice need to apply annually to remain on the Coutts Finance conveyancing panel?
- What are the consequences if our Coutts Finance panel reinstatement application is refused and our client has a mortgage application with the Coutts Finance?
- Is it possible to find out our application for reinstatement was refused?
- Please can you set out the application process to revert back onto the Coutts Finance conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Coutts Finance conveyancing panel?
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 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 Finance conveyancing panel.