Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Scottish Building Society conveyancing panel Terms and Conditions
- Scottish Building Society 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.
- Missing deadline to reapply to be on the Scottish Building Society convincing panel
- Recurring delays in post completion requirements on behalf of Scottish Building Society
- Your law firm fails to meet the criteria to remain on the Scottish Building Society conveyancing panel
Answers to Frequently asked questions concerning Scottish Building Society panel reinstatement
- What are the consequences if our Scottish Building Society panel reinstatement application is rejected and our client has a mortgage application with the Scottish Building Society?
- Do any avenues remain open if my firm’s reinstatement panel submission with Scottish Building Society is declined?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Scottish Building Society conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Scottish Building Society conveyancing panel?
- Can this firm act for Scottish Building Society while the appeal for reinstatement on the Scottish Building Society panel is being reviewed? 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.