Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge 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.
- Recurring delays in post completion requirements set by Scottish Building Society
- 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.
- Your law firm fails to meet the criteria to remain on the Scottish Building Society conveyancing panel
- Non-compliance 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 subscribe.
How can we assist? Scottish Building Society panel reinstatement questions
- 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 appeal to the Scottish Building Society panel is approved?
- Is it possible to find out our application for reinstatement is rejected?
- What will happen if our Scottish Building Society panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Scottish Building Society?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Scottish Building Society is declined?
- How long does the application process take 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 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.