Removal from the Danske Bank and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Danske Bank conveyancing panel
- Significant delays in registering security 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.
- 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.
- Persistent delays in 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Danske Bank may subsequently subscribe.
Frequently asked questions concerning Danske Bank panel reinstatement
- What are the next steps open to me if our Danske Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Danske Bank?
- What is the application process to revert back onto the Danske Bank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Danske Bank is refused?
- Is it possible to find out our application for reinstatement was declined?
- Does the COLP in my firm need to sign 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.