Removal from the Scottish Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- Breaches of Scottish Building Society conveyancing panel requirements
- 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.
- Failure 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
Top questions concerning Scottish Building Society panel reinstatement
- Is there a charge to be reinstated onto the Scottish Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Scottish Building Society conveyancing panel?
- What will happen if our Scottish Building Society panel reinstatement application is refused and our client has a mortgage offer with the Scottish Building Society?
- Is the door firmly shut if my firm’s reinstatement panel application with Scottish Building Society is rejected?
- Is it the practice manager who is required to complete the reinstatement application to the Scottish Building Society 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.