Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- 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 adopt.
- Recurring 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.
- Breaches of Secure Trust Bank conveyancing panel requirements
- Failure to reapply to be on the Secure Trust Bank convincing panel
- Your law firm no longer meets the criteria to remain on the Secure Trust Bank conveyancing panel
Secure Trust Bank panel reinstatement: Five Common Questions
- What times frames are involved when applying to be reinstated onto the Secure Trust Bank conveyancing panel?
- Am I restricted as to the amount of occasions my law firm can apply to be reinstated on 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?
- Do any avenues remain open if our reinstatement panel application with Secure Trust Bank is turned down?
- What will happen if our Secure Trust Bank panel reinstatement application is rejected and our client has a mortgage offer with the Secure Trust Bank?
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.