Removal from the Progressive BS and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Progressive BS conveyancing panel
- 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.
- Persistent delays in post completion requirements on behalf of Progressive BS
- Failure to reapply to be on the Progressive BS convincing panel
- Progressive BS may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
FAQs : Progressive BS Conveyancing panel reinstatement
- Who should sign the reinstatement application to the Progressive BS panel ?
- What times frames are involved when applying to revert back onto the Progressive BS conveyancing panel?
- Is there a cost to revert back onto the Progressive BS conveyancing panel?
- What is the application procedures to be reinstated onto the Progressive BS conveyancing panel?
- What will happen if our Progressive BS panel reinstatement application is declined and the client of the firm has a mortgage offer with the Progressive BS?
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.