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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Non-compliance with the Lloyds TSB Scotland panel requirements, 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 subscribe.
- Missing deadline to reapply to remain on the Lloyds TSB Scotland convincing panel
- Recurring non-compliance with post completion requirements set by Lloyds TSB Scotland
- Recurring 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.
Frequently asked questions concerning Lloyds TSB Scotland panel reinstatement
- What are our options if our reinstatement panel application with Lloyds TSB Scotland is turned down?
- What times frames are involved when applying to be reinstated onto the Lloyds TSB Scotland conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Lloyds TSB Scotland panel ?
- Is there a cost to be reinstated onto the Lloyds TSB Scotland conveyancing panel?
- Does my practice need to apply annually to remain on the Lloyds TSB Scotland conveyancing panel?
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 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 Lloyds TSB Scotland conveyancing panel.