Removal from the Leek BS and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- 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.
- Missing deadline to reapply to remain on the Leek BS convincing panel
- Breaches of Leek BS conveyancing panel requirements
- Persistent delays in post completion requirements on behalf of Leek BS
Common queries about Leek BS conveyancing panel reinstatement
- Is it the practice manager who is required to complete the reinstatement application to the Leek BS panel ?
- Is it possible to find out our application for reinstatement is turned down?
- Can this firm act for Leek BS while the appeal for reinstatement on the Leek BS panel is being assessed? How do I find out if our reinstatement application to the Leek BS panel is accepted?
- Is the door firmly shut if my firm’s reinstatement panel submission with Leek BS is declined?
- What happens if our Leek BS panel reinstatement application is rejected and the client of the firm 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 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.