Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Missing deadline to reapply to remain on the Scottish Building Society convincing panel
- Your law firm fails to meet the criteria to remain on the Scottish Building Society conveyancing panel
- Persistent non-compliance with post completion requirements set by Scottish Building Society
- 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 subscribe.
How can we assist? Scottish Building Society panel reinstatement questions
- Is there a fee to revert back onto the Scottish Building Society conveyancing panel?
- How long does the application process take when applying to revert back onto the Scottish Building Society conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Scottish Building Society is refused?
- Can we act for Scottish Building Society while the application for reinstatement on the Scottish Building Society panel is being reviewed? How do I know if our reinstatement appeal to the Scottish Building Society panel is accepted?
- What are the next steps open to me 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?
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.