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 terms, 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.
- Significant 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.
- Failure to reapply to remain on the Coutts Finance convincing panel
- Persistent delays in post completion requirements set by Coutts Finance
- Your firm fails to meet the criteria to remain on the Coutts Finance conveyancing panel
Questions Coutts Finance panel reinstatement firms ask us
- Can we appeal if this practice’s application for reinstatement was declined?
- What are our options if our reinstatement panel application with Coutts Finance is turned down?
- Is there a fee to revert back onto the Coutts Finance conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Coutts Finance panel ?
- What will happen if our Coutts Finance panel reinstatement application is declined 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 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.