Removal from the Danske Bank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Danske Bank panel terms, 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.
- Recurring 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.
- Danske Bank 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.
- Failure to reapply to remain on the Danske Bank convincing panel
- Breaches of Danske Bank conveyancing panel requirements
Top questions concerning Danske Bank panel reinstatement
- Can we act for Danske Bank while the application for reinstatement on the Danske Bank panel is being progressed? How do I discover if our reinstatement appeal to the Danske Bank panel is approved?
- Do any avenues remain open if our reinstatement panel application with Danske Bank is rejected?
- Who should complete the reinstatement application to the Danske Bank panel ?
- How long does the application process take when applying to be reinstated onto the Danske Bank conveyancing panel?
- Am I restricted as to the amount of times my practice can submit applications to be reinstated on the Danske Bank conveyancing 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.