Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements set by Bank of Scotland
- Failure to reapply to be on the Bank of Scotland convincing panel
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- Your practice fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
- Bank of 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.
Bank of Scotland panel reinstatement : You have questions, we have answers
- Can this firm act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being progressed? How do I find out if our reinstatement appeal to the Bank of Scotland panel is accepted?
- What are our options if my firm’s reinstatement panel submission with Bank of Scotland is turned down?
- Are you able to explain why this practice’s application for reinstatement is turned down?
- Does my practice need to apply annually to be reinstated on the Bank of Scotland conveyancing panel?
- What are the next steps open to me if our Bank of Scotland panel reinstatement application is declined and our client has a mortgage offer with the Bank of Scotland?
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.