Removal from the Lloyds TSB Scotland and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security on behalf of Lloyds TSB Scotland Delays or failure to register the Lloyds TSB Scotland charge may result in referral to external lawyers of Lloyds TSB Scotland to complete outstanding requirements.
- Breaches of Lloyds TSB Scotland conveyancing panel Terms and Conditions
- Lloyds TSB Scotland 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.
- Your law firm fails to meet the criteria to remain on the Lloyds TSB Scotland conveyancing panel
- Failure to act in accordance with the Lloyds TSB Scotland panel terms, the written instructions that Lloyds TSB Scotland provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Lloyds TSB Scotland may subsequently adopt.
Frequently asked questions concerning Lloyds TSB Scotland panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Lloyds TSB Scotland conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Lloyds TSB Scotland panel ?
- What are the next steps open to me if our Lloyds TSB Scotland panel reinstatement application is rejected and the client of the firm has a mortgage application with the Lloyds TSB Scotland?
- Can we appeal if this practice’s application for reinstatement was rejected?
- Can this firm act for Lloyds TSB Scotland while the application for reinstatement on the Lloyds TSB Scotland panel is being reviewed? How do I discover if our reinstatement appeal to the Lloyds TSB Scotland panel is approved?
Top Tip: The best way to avoid the hassle of seeking Lloyds TSB Scotland panel reinstatement is to ensure that your firm is not removed off of the Lloyds TSB Scotland 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 Lloyds TSB Scotland conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Lloyds TSB Scotland 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 Lloyds TSB Scotland conveyancing panel.