Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of DB UK Bank Delays or failure to register the DB UK Bank charge may result in referral to external lawyers of DB UK Bank to complete outstanding requirements.
- Breaches of DB UK Bank conveyancing panel Terms and Conditions
- Persistent delays in post completion requirements on behalf of DB UK Bank
- Missing deadline to reapply to remain on the DB UK Bank convincing panel
- Your firm no longer meets the criteria to remain on the DB UK Bank conveyancing panel
Top questions concerning DB UK Bank panel reinstatement
- Is it the practice manager who is required to sign the reinstatement application to the DB UK Bank panel ?
- What times frames are involved when applying to be reinstated onto the DB UK Bank conveyancing panel?
- What happens if our DB UK Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the DB UK Bank?
- Is there a limit to the number of occasions my law firm can submit applications to be reinstated on the DB UK Bank conveyancing panel?
- Please can you set out the application procedures to revert back onto the DB UK Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking DB UK Bank panel reinstatement is to ensure that your firm is not removed off of the DB UK 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 DB UK Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to DB UK 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 DB UK Bank conveyancing panel.