Removal from the Progressive BS and other lender panels: Why they do it and how to get reinstated
- Breaches of Progressive BS conveyancing panel requirements
- Your practice no longer meets the criteria to remain on the Progressive BS conveyancing panel
- Recurring non-compliance with post completion requirements set by Progressive BS
- 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 subscribe.
- Failure to reapply to remain on the Progressive BS convincing panel
FAQs : Progressive BS Conveyancing panel reinstatement
- Can we act for Progressive BS while the appeal for reinstatement on the Progressive BS panel is being progressed? How do I discover if our reinstatement appeal to the Progressive BS panel is approved?
- Is there a fee to revert back onto the Progressive BS conveyancing panel?
- What will happen if our Progressive BS panel reinstatement application is turned down and the client of the firm has a mortgage application with the Progressive BS?
- What times frames are involved when applying to revert back onto the Progressive BS conveyancing panel?
- What are our options if our reinstatement panel submission with Progressive BS is declined?
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.