Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Scottish Building Society convincing panel
- Persistent 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
- 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.
- Failure to act in accordance with the Scottish Building Society panel requirements, 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.
Frequently asked questions concerning Scottish Building Society panel reinstatement
- Is there a limit to the amount of occasions my law firm can apply to get back on the Scottish Building Society conveyancing panel?
- What will happen if our Scottish Building Society panel reinstatement application is rejected and our client has a mortgage application with the Scottish Building Society?
- How often will this firm be required to re-apply to be reinstated on the Scottish Building Society conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Scottish Building Society panel ?
- Do any avenues remain open if our reinstatement panel application with Scottish Building Society is rejected?
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.