Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering security on behalf of Reliance Bank Delays or failure to register the Reliance Bank charge may result in referral to external lawyers of Reliance Bank to complete outstanding requirements.
- Significant non-compliance with post completion requirements on behalf of Reliance Bank
- Non-compliance with the Reliance Bank panel terms, the written instructions that Reliance Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Reliance Bank may subsequently adopt.
- Your law firm fails to meet the criteria to remain on the Reliance Bank conveyancing panel
- Breaches of Reliance Bank conveyancing panel requirements
Reliance Bank Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to revert back onto the Reliance Bank conveyancing panel?
- What are the next steps open to me if our Reliance Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Reliance Bank?
- Is there a cost to be reinstated onto the Reliance Bank conveyancing panel?
- Is there a limit to the amount of times my firm can apply to get back on the Reliance Bank conveyancing panel?
- Who should complete the reinstatement application to the Reliance Bank panel ?
Top Tip: The best way to avoid the hassle of seeking Reliance Bank panel reinstatement is to ensure that your firm is not removed off of the Reliance Bank 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 Reliance Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Reliance Bank 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 Reliance Bank conveyancing panel.