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

  • Bank of Scotland may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Missing deadline to reapply to be on the Bank of Scotland convincing panel
  • Recurring 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.
  • Recurring non-compliance with post completion requirements set by Bank of Scotland
  • Breaches of Bank of Scotland conveyancing panel requirements

Frequently asked questions concerning Bank of Scotland panel reinstatement

  • What are the next steps open to me if our Bank of Scotland panel reinstatement application is refused and our client has a mortgage application with the Bank of Scotland?
  • Is the door firmly shut if my firm’s reinstatement panel application with Bank of Scotland is declined?
  • How often will this firm be required to re-apply to remain on the Bank of Scotland conveyancing panel?
  • Can we act for Bank of Scotland while the application for reinstatement on the Bank of Scotland panel is being progressed? How do I discover 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?

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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