Removal from the Leek BS and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements set by Leek BS
- Failure to act in accordance with the Leek BS panel requirements, 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.
- 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.
- 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.
- Failure to reapply to be on the Leek BS convincing panel
Leek BS panel reinstatement : You have questions, we have answers
- How long does the application process take when applying to revert back onto the Leek BS conveyancing panel?
- Am I restricted as to the number of occasions my firm can apply to get back on the Leek BS conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Leek BS conveyancing panel?
- Is there a cost to be reinstated onto the Leek BS conveyancing panel?
- Can you outline the application process to revert back 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.