Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- 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.
- 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.
- Missing deadline to reapply to remain on the Bank of Scotland convincing panel
- Significant non-compliance with post completion requirements on behalf of Bank of Scotland
Common queries about Bank of Scotland conveyancing panel reinstatement
- Can we appeal if my firm’s application for reinstatement was turned down?
- What are the next steps open to me if our Bank of Scotland panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Bank of Scotland?
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the Bank of Scotland conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Bank of Scotland conveyancing panel?
- Does my practice need to apply annually to remain 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.