Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements set by Bank of Scotland
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- Your firm fails to meet the criteria to remain on the Bank of Scotland conveyancing 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 subscribe.
- Persistent 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.
Bank of Scotland panel reinstatement : You have questions, we have answers
- Can we act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being reviewed? How do I find out if our reinstatement application to the Bank of Scotland panel is approved?
- Is there a limit to the amount of times my law firm can submit applications to get back on the Bank of Scotland conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Bank of Scotland is rejected?
- Is it possible to find out this practice’s application for reinstatement was refused?
- How long does the application process take when applying 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.