Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Secure Trust Bank 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.
- Non-compliance with the Secure Trust Bank panel terms, the written instructions that Secure Trust Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Secure Trust Bank may subsequently subscribe.
- Failure to reapply to remain on the Secure Trust Bank convincing panel
- Your firm no longer meets the criteria to remain on the Secure Trust Bank conveyancing panel
- Significant delays in registering security on behalf of Secure Trust Bank Delays or failure to register the Secure Trust Bank charge may result in referral to external lawyers of Secure Trust Bank to complete outstanding requirements.
Top questions concerning Secure Trust Bank panel reinstatement
- Is there a limit to the amount of occasions my firm can apply to be reinstated on the Secure Trust Bank conveyancing panel?
- How long does the application process take when applying to revert back onto the Secure Trust Bank conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Secure Trust Bank panel ?
- Is the door firmly shut if my firm’s reinstatement panel submission with Secure Trust Bank is turned down?
- Does my practice need to apply annually to remain on the Secure Trust Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Secure Trust Bank panel reinstatement is to ensure that your firm is not removed off of the Secure Trust Bank 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 Secure Trust Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Secure Trust Bank 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 Secure Trust Bank conveyancing panel.