Removal from the Progressive BS and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Progressive BS conveyancing panel
- Breaches of Progressive BS conveyancing panel Terms and Conditions
- Significant delays in registering security on behalf of Progressive BS Delays or failure to register the Progressive BS charge may result in referral to external lawyers of Progressive BS to complete outstanding requirements.
- Failure to act in accordance with the Progressive BS panel requirements, the written instructions that Progressive BS provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Progressive BS may subsequently adopt.
- Failure to reapply to remain on the Progressive BS convincing panel
Progressive BS panel reinstatement : questions that we get asked
- Is there a limit to the amount of occasions my practice can submit applications to be reinstated on the Progressive BS conveyancing panel?
- Is there a charge to revert back onto the Progressive BS conveyancing panel?
- Can this firm act for Progressive BS while the appeal for reinstatement on the Progressive BS panel is being progressed? How do I know if our reinstatement appeal to the Progressive BS panel is approved?
- Do any avenues remain open if my firm’s reinstatement panel submission with Progressive BS is declined?
- Does my practice need to apply annually to be reinstated on the Progressive BS conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Progressive BS panel reinstatement is to ensure that your firm is not removed off of the Progressive BS 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 Progressive BS conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Progressive BS 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 Progressive BS conveyancing panel.