Removal from the Leek BS and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Leek BS conveyancing panel Terms and Conditions
- Recurring non-compliance with post completion requirements set by Leek BS
- Your firm no longer meets the criteria to remain on the Leek BS conveyancing panel
- Persistent delays in registering security 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.
Answers to Frequently asked questions concerning Leek BS panel reinstatement
- Is there a cost to be reinstated onto the Leek BS conveyancing panel?
- What times frames are involved when applying to revert back onto the Leek BS conveyancing panel?
- Who should sign the reinstatement application to the Leek BS panel ?
- Can this firm act for Leek BS while the application for reinstatement on the Leek BS panel is being reviewed? How do I know if our reinstatement appeal to the Leek BS panel is accepted?
- What happens if our Leek BS panel reinstatement application is rejected and our client has a mortgage offer with the Leek BS?
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.