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 on behalf of Bank of Scotland
- 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.
- 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.
- Your practice no longer meets 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.
Common questions about Bank of Scotland conveyancing panel reinstatement
- Please can you set out the application procedures to be reinstated onto the Bank of Scotland conveyancing panel?
- How long does the application process take when applying to revert back onto the Bank of Scotland conveyancing panel?
- Who should sign the reinstatement application to the Bank of Scotland panel ?
- Can this firm act for Bank of Scotland while the appeal for reinstatement on the Bank of Scotland panel is being reviewed? How do I discover if our reinstatement application to the Bank of Scotland panel is approved?
- What happens if our Bank of Scotland panel reinstatement application is refused 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 preferred 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.