Removal from the Leek BS and other lender panels: Why they do it and how to get reinstated

  • Missing deadline to reapply to be on the Leek BS convincing panel
  • Leek BS 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 Leek BS panel terms, the written instructions that Leek BS give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Leek BS may subsequently adopt.
  • Breaches of Leek BS conveyancing panel Terms and Conditions
  • 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.

Frequently asked questions concerning Leek BS panel reinstatement

  • What are the consequences if our Leek BS panel reinstatement application is rejected and our client has a mortgage offer with the Leek BS?
  • What are our options if our reinstatement panel application with Leek BS is rejected?
  • What times frames are involved when applying to be reinstated onto the Leek BS conveyancing panel?
  • Is it the practice manager who is required to sign the reinstatement application to the Leek BS panel ?
  • Am I restricted as to the number of times my firm can apply to get back 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 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 Leek BS conveyancing panel.

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