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

  • Failure to reapply to be on the Bank of Scotland convincing panel
  • 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.
  • Recurring non-compliance with post completion requirements set by Bank of Scotland
  • Failure to act in accordance with the Bank of Scotland panel terms, 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.
  • 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 Conveyancing Panel Reinstatement: Common Questions

  • Am I restricted as to the number of occasions my law firm can submit applications to be reinstated on the Bank of Scotland conveyancing panel?
  • Does the COLP in my firm need to complete the reinstatement application to the Bank of Scotland panel ?
  • What times frames are involved when applying to be reinstated onto the Bank of Scotland conveyancing panel?
  • How do I discover why this practice’s application for reinstatement is declined?
  • Does my practice need to apply annually to be reinstated on 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 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.

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