Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering a charge on behalf of Bank of Scotland Delays or failure to register the Bank of Scotland charge may result in referral to external lawyers of Bank of Scotland to complete outstanding requirements.
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements on behalf of Bank of Scotland
- Bank of 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 no longer meets the criteria to remain on the Bank of Scotland conveyancing panel
Bank of Scotland panel reinstatement: Five Common Questions
- Is there a cost to revert back onto the Bank of Scotland conveyancing panel?
- Can you outline the application process to revert back onto the Bank of Scotland conveyancing panel?
- What are our options if our reinstatement panel application with Bank of Scotland is turned down?
- How often will this firm be required to re-apply to remain on the Bank of Scotland conveyancing panel?
- Who should sign the reinstatement application to the Bank of Scotland panel ?
Top Tip: The best way to avoid the hassle of seeking Bank of Scotland panel reinstatement is to ensure that your firm is not removed off of the Bank of 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 Bank of Scotland conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Bank of 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 Bank of Scotland conveyancing panel.