Removal from the DB UK Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of DB UK Bank conveyancing panel requirements
- Your practice fails to meet the criteria to remain on the DB UK Bank conveyancing panel
- Failure to act in accordance 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 adopt.
- Missing deadline to reapply to be 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.
FAQs : DB UK Bank Conveyancing panel reinstatement
- What are the next steps open to me if our DB UK Bank panel reinstatement application is rejected and our client has a mortgage application with the DB UK Bank?
- Is there a limit to the amount of occasions my law firm can submit applications to get back on the DB UK Bank conveyancing panel?
- Is there a cost to revert back onto the DB UK Bank conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement was refused?
- Does my practice need to apply annually to remain 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.