Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Bank of Scotland conveyancing 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.
- 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 subscribe.
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- Significant delays in post completion requirements on behalf of Bank of Scotland
Questions Bank of Scotland panel reinstatement firms ask us
- Does the COLP in my firm need to sign the reinstatement application to the Bank of Scotland panel ?
- How often will this firm be required to re-apply to be reinstated on the Bank of Scotland conveyancing panel?
- Is there a cost to be reinstated onto the Bank of Scotland conveyancing panel?
- Please can you set out the application procedures to revert back onto the Bank of Scotland conveyancing panel?
- 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.