Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of DB UK Bank
- Failure to reapply to remain on the DB UK Bank convincing panel
- 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.
- Failure to act in accordance with the DB UK Bank panel requirements, 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 adopt.
- 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.
DB UK Bank panel reinstatement : questions that we get asked
- Does the COLP in my firm need to complete the reinstatement application to the DB UK Bank panel ?
- How often will this firm be required to re-apply to remain on the DB UK Bank conveyancing panel?
- Can this firm act for DB UK Bank while the application for reinstatement on the DB UK Bank panel is being reviewed? How do I find out if our reinstatement application to the DB UK Bank panel is approved?
- Is there a cost to be reinstated onto the DB UK Bank conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with DB UK Bank is refused?
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.