Removal from the Progressive BS and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Progressive BS convincing panel
- Failure to act in accordance with the Progressive BS panel terms, the written instructions that Progressive BS give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Progressive BS may subsequently subscribe.
- Your firm no longer meets the criteria to remain on the Progressive BS conveyancing panel
- Breaches of Progressive BS conveyancing panel Terms and Conditions
- Significant delays in registering a charge 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.
Top questions concerning Progressive BS panel reinstatement
- What are the next steps open to me if our Progressive BS panel reinstatement application is refused and the client of the firm has a mortgage application with the Progressive BS?
- Does my practice need to apply annually to be reinstated on the Progressive BS conveyancing panel?
- Please can you set out the application protocol to revert back onto the Progressive BS conveyancing panel?
- Can we act for Progressive BS while the application for reinstatement on the Progressive BS panel is being progressed? How do I discover if our reinstatement application to the Progressive BS panel is accepted?
- Is there a limit to the number of occasions my firm can apply 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 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 Progressive BS conveyancing panel.