Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering a charge 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.
- 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.
- Your firm no longer meets the criteria to remain on the Secure Trust Bank conveyancing panel
- Missing deadline to reapply to be on the Secure Trust Bank convincing panel
- Recurring non-compliance with post completion requirements on behalf of Secure Trust Bank
Secure Trust Bank panel reinstatement : questions that we get asked
- How do I discover why this practice’s application for reinstatement was refused?
- Is there a fee to revert back onto the Secure Trust Bank conveyancing panel?
- What happens if our Secure Trust Bank panel reinstatement application is turned down and the client of the firm has a mortgage application with the Secure Trust Bank?
- What is the application procedures to be reinstated 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 ?
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.