Removal from the Danske Bank and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Danske Bank
- Failure to act in accordance with the Danske Bank panel requirements, the written instructions that Danske Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Danske Bank may subsequently subscribe.
- Persistent delays in registering a charge on behalf of Danske Bank Delays or failure to register the Danske Bank charge may result in referral to external lawyers of Danske Bank to complete outstanding requirements.
- Failure to reapply to remain on the Danske Bank convincing panel
- Breaches of Danske Bank conveyancing panel requirements
Questions Danske Bank panel reinstatement firms ask us
- Is there a limit to the number of times my practice can apply to get back on the Danske Bank conveyancing panel?
- Is there a fee to revert back onto the Danske Bank conveyancing panel?
- Can we act for Danske Bank while the appeal for reinstatement on the Danske Bank panel is being assessed? How do I find out if our reinstatement appeal to the Danske Bank panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the Danske Bank panel ?
- Can we appeal if this practice’s application for reinstatement is rejected?
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 preferred 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.