Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant delays in post completion requirements set by Reliance Bank
- Breaches of Reliance Bank conveyancing panel Terms and Conditions
How can we assist? Reliance Bank panel reinstatement questions
- How often will this firm be required to re-apply to remain on the Reliance Bank conveyancing panel?
- What is the application procedures to be reinstated onto the Reliance Bank conveyancing panel?
- Is there a limit to the number of occasions my practice can submit applications to get back on the Reliance Bank conveyancing 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?
- How long does the application process take when applying 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 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.