Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of Scottish Building Society Delays or failure to register the Scottish Building Society charge may result in referral to external lawyers of Scottish Building Society to complete outstanding requirements.
- Scottish Building Society 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 Scottish Building Society conveyancing panel requirements
- Missing deadline to reapply to be on the Scottish Building Society convincing panel
- Non-compliance with the Scottish Building Society panel terms, the written instructions that Scottish Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Scottish Building Society may subsequently adopt.
FAQs : Scottish Building Society Conveyancing panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Scottish Building Society is turned down?
- How long does the application process take when applying to be reinstated onto the Scottish Building Society conveyancing panel?
- Is there a fee to revert back onto the Scottish Building Society conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is declined?
- Can we act for Scottish Building Society while the application for reinstatement on the Scottish Building Society panel is being progressed? How do I find out if our reinstatement application to the Scottish Building Society panel is approved?
Top Tip: The best way to avoid the hassle of seeking Scottish Building Society panel reinstatement is to ensure that your firm is not removed off of the Scottish Building Society 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 Scottish Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Scottish Building Society 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 Scottish Building Society conveyancing panel.