Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements on behalf of 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.
- Breaches of Reliance Bank conveyancing panel requirements
- Failure to reapply to be on the Reliance Bank convincing panel
- 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.
Frequently asked questions concerning Reliance Bank panel reinstatement
- Is there a fee to be reinstated onto the Reliance Bank conveyancing panel?
- Am I restricted as to the number of occasions my firm can apply to be reinstated on the Reliance Bank conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Reliance Bank panel ?
- Please can you set out the application protocol to revert back onto the Reliance Bank conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is rejected?
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.