Removal from the Coutts Finance and other lender panels: Why they do it and how to get reinstated

  • 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 subscribe.
  • Significant non-compliance with post completion requirements set by Coutts Finance
  • 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.
  • Breaches of Coutts Finance conveyancing panel Terms and Conditions
  • Missing deadline to reapply to remain on the Coutts Finance convincing panel

Answers to Frequently asked questions concerning Coutts Finance panel reinstatement

  • Can we act for Coutts Finance while the appeal for reinstatement on the Coutts Finance panel is being processed? How do I discover if our reinstatement application to the Coutts Finance panel is accepted?
  • Is it possible to find out my firm’s application for reinstatement was turned down?
  • Does the COLP in my firm need to sign the reinstatement application to the Coutts Finance panel ?
  • How often will this firm be required to re-apply to be reinstated on the Coutts Finance conveyancing panel?
  • What are the next steps open to me if our Coutts Finance panel reinstatement application is rejected and our client has a mortgage application 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.

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