Removal from the Leek BS and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Your firm no longer meets the criteria to remain on the Leek BS conveyancing panel
- Non-compliance with the Leek BS panel requirements, the written instructions that Leek BS provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Leek BS may subsequently adopt.
- Significant non-compliance with post completion requirements set by Leek BS
- 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.
Answers to Frequently asked questions concerning Leek BS panel reinstatement
- What are the next steps open to me if our Leek BS panel reinstatement application is turned down and the client of the firm has a mortgage application with the Leek BS?
- Please can you set out the application protocol to be reinstated onto the Leek BS conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Leek BS conveyancing panel?
- Is there a cost to revert back onto the Leek BS conveyancing panel?
- What are our options if our reinstatement panel application with Leek BS is turned down?
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.