Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Bank of Scotland
- Your firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
- Non-compliance with the Bank of Scotland panel terms, the written instructions that Bank of Scotland give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Scotland may subsequently adopt.
- 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.
- Failure to reapply to remain on the Bank of Scotland convincing panel
Bank of Scotland panel reinstatement: Five Common Questions
- Am I restricted as to the number of times my firm can apply to be reinstated on the Bank of Scotland conveyancing panel?
- Please can you set out the application protocol to revert back onto the Bank of Scotland conveyancing panel?
- Can we act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being reviewed? How do I know if our reinstatement appeal to the Bank of Scotland panel is accepted?
- How often will this firm be required to re-apply to remain on the Bank of Scotland conveyancing panel?
- Is there a fee to revert back onto the Bank of Scotland conveyancing 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.