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
- Failure to act in accordance 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.
- 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 be on the Danske Bank convincing panel
- Persistent non-compliance with post completion requirements set by Danske Bank
Questions Danske Bank panel reinstatement firms ask us
- What are the next steps open to me if our Danske Bank panel reinstatement application is turned down and the client of the firm has a mortgage application with the Danske Bank?
- Does the COLP in my firm need to sign the reinstatement application to the Danske Bank panel ?
- Can we appeal if this practice’s application for reinstatement was declined?
- Can this firm act for Danske Bank while the application for reinstatement on the Danske Bank panel is being progressed? How do I find out if our reinstatement application to the Danske Bank panel is accepted?
- Is there a fee to be reinstated onto 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.