Removal from the Reliance Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Reliance Bank panel terms, the written instructions that Reliance Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Reliance Bank may subsequently subscribe.
- Recurring 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.
- 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.
- Failure to reapply to be on the Reliance Bank convincing panel
- Your law firm no longer meets the criteria to remain on the Reliance Bank conveyancing panel
Reliance Bank Conveyancing Panel Reinstatement: Common Questions
- How do I discover why my firm’s application for reinstatement is refused?
- How often will this firm be required to re-apply to remain on the Reliance Bank conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Reliance Bank panel ?
- Is there a charge to revert back onto the Reliance Bank conveyancing panel?
- What happens if our Reliance Bank panel reinstatement application is declined and our client has a mortgage application with the Reliance Bank?
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.