Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Reliance Bank
- Non-compliance with the Reliance Bank panel requirements, 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 subscribe.
- Missing deadline to reapply to remain on the Reliance Bank convincing panel
- Persistent delays in registering a charge 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 firm fails to meet the criteria to remain on the Reliance Bank conveyancing panel
Questions Reliance Bank panel reinstatement firms ask us
- Does the COLP in my firm need to sign the reinstatement application to the Reliance Bank panel ?
- Is it possible to find out this practice’s application for reinstatement is refused?
- Can this firm act for Reliance Bank while the appeal for reinstatement on the Reliance Bank panel is being processed? How do I discover if our reinstatement application to the Reliance Bank panel is accepted?
- What are the consequences if our Reliance Bank panel reinstatement application is refused and our client has a mortgage offer with the Reliance Bank?
- Does my practice need to apply annually to remain on the Reliance Bank conveyancing 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.