Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the Scottish Building Society convincing panel
- Recurring delays in post completion requirements on behalf of Scottish Building Society
- Your practice no longer meets the criteria to remain on the Scottish Building Society conveyancing panel
- Failure to act in accordance with the Scottish Building Society panel terms, the written instructions that Scottish Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Scottish Building Society may subsequently adopt.
- Recurring 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.
How can we assist? Scottish Building Society panel reinstatement questions
- What happens if our Scottish Building Society panel reinstatement application is turned down and our client has a mortgage application with the Scottish Building Society?
- Is there a cost to be reinstated onto the Scottish Building Society conveyancing panel?
- Please can you set out the application process to be reinstated onto the Scottish Building Society conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Scottish Building Society is rejected?
- What times frames are involved when applying to be reinstated onto the Scottish Building Society conveyancing panel?
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 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 Scottish Building Society conveyancing panel.