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 terms, 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.
- 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.
- Breaches of Leek BS conveyancing panel requirements
- Missing deadline to reapply to be on the Leek BS convincing panel
- Significant non-compliance with post completion requirements on behalf of Leek BS
Common queries about Leek BS conveyancing panel reinstatement
- What are the consequences if our Leek BS panel reinstatement application is refused and the client of the firm has a mortgage offer with the Leek BS?
- Does the COLP in my firm need to sign the reinstatement application to the Leek BS panel ?
- Can we appeal if my firm’s application for reinstatement was declined?
- Does my practice need to apply annually to be reinstated on the Leek BS conveyancing panel?
- How long does the application process take when applying to be reinstated onto 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.