Removal from the Coutts Finance and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Coutts Finance panel requirements, 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.
- Breaches of Coutts Finance conveyancing panel requirements
- Significant delays in registering security 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.
- Significant non-compliance with post completion requirements on behalf of Coutts Finance
- Missing deadline to reapply to remain on the Coutts Finance convincing panel
Common queries about Coutts Finance conveyancing panel reinstatement
- How long does the application process take when applying to revert back onto the Coutts Finance conveyancing panel?
- Does my practice need to apply annually to remain on the Coutts Finance conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Coutts Finance panel ?
- Can this firm act for Coutts Finance while the appeal for reinstatement on the Coutts Finance panel is being assessed? How do I discover if our reinstatement application to the Coutts Finance panel is approved?
- What happens if our Coutts Finance panel reinstatement application is declined and our client 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 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.