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 requirements
- Your firm no longer meets the criteria to remain on the Bank of Scotland conveyancing panel
- Failure to reapply to be on the Bank of Scotland convincing panel
- Significant non-compliance with post completion requirements set by Bank of Scotland
- Significant delays in registering security 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.
Top questions concerning Bank of Scotland panel reinstatement
- Can you outline the application protocol to revert back onto the Bank of Scotland conveyancing panel?
- Does my practice need to apply annually to remain on the Bank of Scotland conveyancing panel?
- Is there a cost to be reinstated onto the Bank of Scotland conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Bank of Scotland panel ?
- Am I restricted as to the amount of occasions my law firm can submit applications to get back on 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.