Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Failure to act in accordance with the Bank of Scotland panel terms, 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.
- Persistent non-compliance with post completion requirements set by Bank of Scotland
- Breaches of Bank of Scotland conveyancing panel Terms and Conditions
- Your firm fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
Bank of Scotland panel reinstatement: Five Common Questions
- Is the door firmly shut if my firm’s reinstatement panel submission with Bank of Scotland is refused?
- Who should complete the reinstatement application to the Bank of Scotland panel ?
- What times frames are involved when applying to revert back onto the Bank of Scotland conveyancing panel?
- Can we act for Bank of Scotland while the appeal for reinstatement on the Bank of Scotland panel is being assessed? How do I discover if our reinstatement application to the Bank of Scotland panel is approved?
- Am I restricted as to the amount of times my firm can submit applications 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 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.