Removal from the Danske Bank and other lender panels: Why they do it and how to get reinstated
- Danske Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Non-compliance with the Danske Bank panel terms, the written instructions that Danske Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Danske Bank may subsequently adopt.
- Breaches of Danske Bank conveyancing panel Terms and Conditions
- Significant non-compliance with post completion requirements set by Danske Bank
- Your firm no longer meets the criteria to remain on the Danske Bank conveyancing panel
Top questions concerning Danske Bank panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Danske Bank conveyancing panel?
- What will happen if our Danske Bank panel reinstatement application is rejected and our client has a mortgage offer with the Danske Bank?
- What times frames are involved when applying to be reinstated onto the Danske Bank conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel application with Danske Bank is refused?
- Who should complete the reinstatement application to the Danske Bank panel ?
Top Tip: The best way to avoid the hassle of seeking Danske Bank panel reinstatement is to ensure that your firm is not removed off of the Danske Bank 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 Danske Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Danske Bank 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 Danske Bank conveyancing panel.