Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of DB UK Bank
- Failure to act in accordance with the DB UK Bank panel terms, 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.
- Missing deadline to reapply to be on the DB UK Bank convincing panel
- Breaches of DB UK Bank conveyancing panel requirements
- 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.
DB UK Bank panel reinstatement: Five Common Questions
- Can this firm act for DB UK Bank while the appeal for reinstatement on the DB UK Bank panel is being reviewed? How do I discover if our reinstatement application to the DB UK Bank panel is accepted?
- Do any avenues remain open if my firm’s reinstatement panel submission with DB UK Bank is refused?
- How do I discover why this practice’s application for reinstatement was turned down?
- Is there a limit to the number of times my practice can submit applications to get back on the DB UK Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on 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.