Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Secure Trust Bank convincing panel
- 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.
- Persistent 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.
- Persistent delays in post completion requirements on behalf of Secure Trust Bank
- Failure to act in accordance with the Secure Trust Bank panel requirements, 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.
Frequently asked questions concerning Secure Trust Bank panel reinstatement
- Can this firm act for Secure Trust Bank while the application for reinstatement on the Secure Trust Bank panel is being progressed? How do I find out if our reinstatement application to the Secure Trust Bank panel is accepted?
- Is there a limit to the number of occasions my practice can apply to be reinstated on the Secure Trust Bank conveyancing panel?
- What are the consequences 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?
- Is there a charge to revert back onto the Secure Trust Bank conveyancing panel?
- How often will this firm be required to re-apply 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 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 Secure Trust Bank conveyancing panel.