Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Reliance Bank conveyancing panel
- Breaches of Reliance Bank conveyancing panel requirements
- Failure to reapply to remain on the Reliance Bank convincing 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.
- Persistent delays in post completion requirements set by Reliance Bank
Frequently asked questions concerning Reliance Bank panel reinstatement
- Is there a limit to the number of occasions my practice can submit applications to get back on the Reliance Bank conveyancing panel?
- Is there a charge to be reinstated onto the Reliance Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Reliance Bank conveyancing panel?
- What will happen if our Reliance Bank panel reinstatement application is rejected and our client has a mortgage application with the Reliance Bank?
- What are our options if our reinstatement panel submission with Reliance Bank is turned down?
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.