Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements set by DB UK Bank
- Breaches of DB UK Bank conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the DB UK Bank convincing panel
- Non-compliance with the DB UK Bank panel terms, the written instructions that DB UK Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which DB UK Bank may subsequently subscribe.
- Your firm fails to meet the criteria to remain on the DB UK Bank conveyancing panel
DB UK Bank panel reinstatement: Five Common Questions
- Is there a charge to revert back onto the DB UK Bank conveyancing panel?
- Does my practice need to apply annually to remain on the DB UK Bank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is rejected?
- What happens if our DB UK Bank panel reinstatement application is turned down and our client has a mortgage application with the DB UK Bank?
- Can we act for DB UK Bank while the application for reinstatement on the DB UK Bank panel is being processed? How do I know if our reinstatement appeal to the DB UK Bank panel is approved?
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.