Removal from the Lloyds TSB Scotland and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring delays in post completion requirements on behalf of Lloyds TSB Scotland
- Your firm fails to meet the criteria to remain on the Lloyds TSB Scotland conveyancing panel
- Breaches of Lloyds TSB Scotland conveyancing panel requirements
- Significant delays in registering a charge 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.
Answers to Frequently asked questions concerning Lloyds TSB Scotland panel reinstatement
- Is there a charge to revert back onto the Lloyds TSB Scotland conveyancing panel?
- Can we act for Lloyds TSB Scotland while the application for reinstatement on the Lloyds TSB Scotland panel is being progressed? How do I know if our reinstatement appeal to the Lloyds TSB Scotland panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the Lloyds TSB Scotland panel ?
- Can we appeal if this practice’s application for reinstatement is rejected?
- Is the door firmly shut if our reinstatement panel submission with Lloyds TSB Scotland is rejected?
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.