Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements on behalf of Bank of Scotland
- Breaches of Bank of Scotland conveyancing panel requirements
- Failure to act in accordance with the Bank of Scotland panel requirements, the written instructions that Bank of Scotland give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Scotland may subsequently adopt.
- Your practice fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
- Persistent 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
- Can we act for Bank of Scotland while the appeal for reinstatement on the Bank of Scotland panel is being processed? How do I find out if our reinstatement appeal to the Bank of Scotland panel is accepted?
- How often will this firm be required to re-apply to remain on the Bank of Scotland conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was rejected?
- Is the door firmly shut if my firm’s reinstatement panel submission with Bank of Scotland is declined?
- Is it the practice manager who is required to complete the reinstatement application to the Bank of Scotland 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.