Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- 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
- Significant non-compliance with post completion requirements on behalf of DB UK Bank
- 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 adopt.
Top questions concerning DB UK Bank panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel submission with DB UK Bank is rejected?
- What is the application protocol to revert back onto the DB UK Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on the DB UK Bank conveyancing panel?
- Is there a cost to revert back onto the DB UK Bank conveyancing panel?
- How do I discover why this practice’s application for reinstatement is turned down?
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.