Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of Reliance Bank
- Recurring 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.
- Reliance Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Non-compliance with the Reliance Bank panel requirements, 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.
- Failure to reapply to remain on the Reliance Bank convincing panel
Common queries about Reliance Bank conveyancing panel reinstatement
- Does the COLP in my firm need to complete the reinstatement application to the Reliance Bank panel ?
- Am I restricted as to the amount of times my law firm can apply to be reinstated on the Reliance Bank conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Reliance Bank is rejected?
- Does my practice need to apply annually to remain on the Reliance Bank conveyancing panel?
- Can you outline the application protocol to revert back onto 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.