Removal from the Bank of Scotland and other lender panels: Why they do it and how to get reinstated
- 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.
- Your practice fails to meet the criteria to remain on the Bank of Scotland conveyancing panel
- Persistent non-compliance with post completion requirements set by Bank of Scotland
- Failure to reapply to remain on the Bank of Scotland convincing panel
- Failure to act in accordance with the Bank of Scotland panel requirements, 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 subscribe.
Bank of Scotland Conveyancing Panel Reinstatement: Common Questions
- Does my practice need to apply annually to remain on the Bank of Scotland conveyancing panel?
- What are our options if our reinstatement panel application with Bank of Scotland is refused?
- What is the application protocol to be reinstated onto the Bank of Scotland conveyancing panel?
- Is there a limit to the number of occasions my firm can submit applications to get back on the Bank of Scotland conveyancing panel?
- Who should sign the reinstatement application to the Bank of Scotland 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.