Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be 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.
- Breaches of Reliance Bank conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements set by Reliance Bank
- Reliance Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Common queries about Reliance Bank conveyancing panel reinstatement
- What will happen if our Reliance Bank panel reinstatement application is turned down and the client of the firm has a mortgage application with the Reliance Bank?
- How often will this firm be required to re-apply to be reinstated on the Reliance Bank conveyancing panel?
- Who should complete the reinstatement application to the Reliance Bank panel ?
- Can this firm act for Reliance Bank while the application for reinstatement on the Reliance Bank panel is being progressed? How do I discover if our reinstatement appeal to the Reliance Bank panel is accepted?
- Is it possible to find out 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.