Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Scottish Building Society conveyancing panel
- 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.
- 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 non-compliance with post completion requirements set by Scottish Building Society
- Missing deadline to reapply to remain on the Scottish Building Society convincing panel
Common questions about Scottish Building Society conveyancing panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel application with Scottish Building Society is declined?
- Is there a charge to be reinstated onto the Scottish Building Society conveyancing panel?
- Can we act for Scottish Building Society while the application for reinstatement on the Scottish Building Society panel is being processed? How do I find out if our reinstatement appeal to the Scottish Building Society panel is approved?
- Is it possible to find out my firm’s application for reinstatement is turned down?
- Is there a limit to the amount of times my law firm can submit applications to be reinstated 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.