Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- Non-compliance with the Bank of Scotland panel terms, the written instructions that Bank of Scotland provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Scotland may subsequently subscribe.
- 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.
- Significant non-compliance with post completion requirements on behalf of Bank of Scotland
- Missing deadline to reapply to remain on the Bank of Scotland convincing panel
How can we assist? Bank of Scotland panel reinstatement questions
- Can we act for Bank of Scotland while the appeal for reinstatement on the Bank of Scotland panel is being processed? How do I know if our reinstatement application to the Bank of Scotland panel is approved?
- How often will this firm be required to re-apply to be reinstated on the Bank of Scotland conveyancing panel?
- What are our options if my firm’s reinstatement panel application with Bank of Scotland is refused?
- Is there a fee to be reinstated onto the Bank of Scotland conveyancing panel?
- What times frames are involved when applying to be reinstated 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 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 Bank of Scotland conveyancing panel.