Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated

  • Your law firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
  • Recurring delays in post completion requirements set by Bank of Scotland
  • Missing deadline to reapply to be on the Bank of Scotland convincing panel
  • Non-compliance with the Bank of Scotland panel requirements, 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 adopt.
  • Recurring 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.

Bank of Scotland panel reinstatement : questions that we get asked

  • How do I discover why this practice’s application for reinstatement is declined?
  • What are the next steps open to me if our Bank of Scotland panel reinstatement application is declined and the client of the firm has a mortgage application with the Bank of Scotland?
  • Can we act for Bank of Scotland while the appeal for reinstatement on the Bank of Scotland panel is being assessed? How do I know if our reinstatement application to the Bank of Scotland panel is approved?
  • What times frames are involved when applying to be reinstated onto the Bank of Scotland conveyancing panel?
  • What are our options if our reinstatement panel application with Bank of Scotland is declined?

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.

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