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
- Non-compliance with the Scottish Building Society panel terms, 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.
- Scottish Building Society may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Significant delays in post completion requirements set by Scottish Building Society
- Your firm no longer meets the criteria to remain on the Scottish Building Society conveyancing panel
Top questions concerning Scottish Building Society panel reinstatement
- Am I restricted as to the number of times my practice can submit applications to be reinstated on the Scottish Building Society conveyancing panel?
- Is there a fee to be reinstated onto the Scottish Building Society conveyancing panel?
- How do I discover why this practice’s application for reinstatement was refused?
- 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 application to the Scottish Building Society panel is approved?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission 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.