Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- DB UK 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.
- Your firm fails to meet the criteria to remain on the DB UK Bank conveyancing panel
- 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.
- Failure to act in accordance with the DB UK Bank panel requirements, the written instructions that DB UK Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which DB UK Bank may subsequently subscribe.
- Significant non-compliance with post completion requirements set by DB UK Bank
DB UK Bank panel reinstatement : You have questions, we have answers
- What are the next steps open to me if our DB UK Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the DB UK Bank?
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the DB UK Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the DB UK Bank panel ?
- Can this firm act for DB UK Bank while the appeal for reinstatement on the DB UK Bank panel is being progressed? How do I find out if our reinstatement application to the DB UK Bank panel is approved?
- What times frames are involved when applying 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 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 DB UK Bank conveyancing panel.