Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Reliance Bank panel terms, the written instructions that Reliance Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Reliance Bank may subsequently adopt.
- Persistent 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.
- Your practice no longer meets the criteria to remain on the Reliance Bank conveyancing panel
- Breaches of Reliance Bank conveyancing panel requirements
- Missing deadline to reapply to be on the Reliance Bank convincing panel
Common questions about Reliance Bank conveyancing panel reinstatement
- Does my practice need to apply annually to remain on the Reliance Bank conveyancing panel?
- What will happen if our Reliance Bank panel reinstatement application is refused and the client of the firm has a mortgage offer with the Reliance Bank?
- What are our options if our reinstatement panel submission with Reliance Bank is rejected?
- How long does the application process take when applying to be reinstated onto the Reliance Bank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is refused?
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 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 Reliance Bank conveyancing panel.