Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring non-compliance with post completion requirements set by Reliance Bank
- 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.
- Your practice no longer meets the criteria to remain on the Reliance Bank conveyancing panel
- 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.
Frequently asked questions concerning Reliance Bank panel reinstatement
- Is it possible to find out my firm’s application for reinstatement was rejected?
- Is there a limit to the amount of occasions my law firm can apply to get back on the Reliance Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Reliance Bank conveyancing panel?
- Please can you set out the application procedures to revert back onto the Reliance Bank conveyancing panel?
- Can we act for Reliance Bank while the appeal for reinstatement on the Reliance Bank panel is being reviewed? How do I know if our reinstatement appeal to the Reliance Bank panel is accepted?
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.