Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Reliance Bank conveyancing panel Terms and Conditions
- Your practice no longer meets the criteria to remain on the Reliance Bank conveyancing panel
- 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.
- Persistent non-compliance with post completion requirements on behalf of Reliance Bank
- 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 subscribe.
Reliance Bank panel reinstatement: Five Common Questions
- Is there a limit to the amount of occasions my practice can submit applications to be reinstated on the Reliance Bank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is rejected?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Reliance Bank is turned down?
- What are the consequences if our Reliance Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Reliance Bank?
- What times frames are involved when applying to be reinstated 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.