Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated

  • Persistent 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.
  • Breaches of Scottish Building Society conveyancing panel Terms and Conditions
  • Your firm fails to meet the criteria to remain on the Scottish Building Society conveyancing panel
  • Significant non-compliance with post completion requirements on behalf of 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.

Top questions concerning Scottish Building Society panel reinstatement

  • Can you outline the application process to be reinstated onto the Scottish Building Society conveyancing panel?
  • Can we act for Scottish Building Society while the appeal for reinstatement on the Scottish Building Society panel is being assessed? How do I find out if our reinstatement appeal to the Scottish Building Society panel is accepted?
  • Does the COLP in my firm need to sign the reinstatement application to the Scottish Building Society panel ?
  • What times frames are involved when applying to revert back onto the Scottish Building Society conveyancing panel?
  • Is there a limit to the number of occasions my law firm can submit applications to get back on 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.

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