Removal from the Coutts Finance and other lender panels: Why they do it and how to get reinstated
- Breaches of Coutts Finance conveyancing panel requirements
- Failure to reapply to be on the Coutts Finance convincing panel
- 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.
- 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 act in accordance 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.
How can we assist? Coutts Finance panel reinstatement questions
- Can we act for Coutts Finance while the appeal for reinstatement on the Coutts Finance panel is being progressed? How do I know if our reinstatement application to the Coutts Finance panel is approved?
- What are our options if my firm’s reinstatement panel application with Coutts Finance is refused?
- Does my practice need to apply annually to remain on the Coutts Finance conveyancing panel?
- Is there a charge 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.