Removal from the Leek BS and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Leek BS conveyancing panel
- Significant delays in registering a charge on behalf of Leek BS Delays or failure to register the Leek BS charge may result in referral to external lawyers of Leek BS to complete outstanding requirements.
- Breaches of Leek BS conveyancing panel Terms and Conditions
- Leek BS may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Recurring non-compliance with post completion requirements set by Leek BS
Common questions about Leek BS conveyancing panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel application with Leek BS is declined?
- Can we act for Leek BS while the application for reinstatement on the Leek BS panel is being reviewed? How do I find out if our reinstatement application to the Leek BS panel is approved?
- What are the consequences if our Leek BS panel reinstatement application is turned down and our client has a mortgage offer with the Leek BS?
- How do I discover why my firm’s application for reinstatement is turned down?
- How often will this firm be required to re-apply to be reinstated on the Leek BS conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Leek BS panel reinstatement is to ensure that your firm is not removed off of the Leek BS 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 Leek BS conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Leek BS 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 Leek BS conveyancing panel.