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
- Your firm no longer meets the criteria to remain on the Scottish Building Society conveyancing panel
- Persistent delays in post completion requirements on behalf of Scottish Building Society
- Non-compliance with the Scottish Building Society panel terms, the written instructions that Scottish Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Scottish Building Society may subsequently subscribe.
- Failure to reapply to be on the Scottish Building Society convincing panel
Top questions concerning Scottish Building Society panel reinstatement
- Is it possible to find out my firm’s application for reinstatement was declined?
- Please can you set out the application process to be reinstated onto the Scottish Building Society conveyancing panel?
- What happens if our Scottish Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Scottish Building Society?
- Am I restricted as to the number of occasions my firm can apply to get back on 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 progressed? How do I find out if our reinstatement appeal to the Scottish Building Society panel is accepted?
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.