Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Scottish Building Society
- Failure to reapply to remain on the Scottish Building Society convincing panel
- 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 adopt.
- 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.
- Breaches of Scottish Building Society conveyancing panel Terms and Conditions
Top questions concerning Scottish Building Society panel reinstatement
- What are the consequences if our Scottish Building Society panel reinstatement application is turned down and our client has a mortgage application with the Scottish Building Society?
- What times frames are involved when applying to be reinstated onto the Scottish Building Society conveyancing panel?
- Is there a limit to the amount of occasions my firm can apply to get back on the Scottish Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Scottish Building Society panel ?
- What is the application procedures 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.