Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Failure 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.
- Your firm no longer meets the criteria to remain on the Secure Trust Bank conveyancing panel
- Breaches of Secure Trust Bank conveyancing panel requirements
Common queries about Secure Trust Bank conveyancing panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel submission with Secure Trust Bank is rejected?
- Can we act for Secure Trust Bank while the appeal for reinstatement on the Secure Trust Bank panel is being processed? How do I discover if our reinstatement appeal to the Secure Trust Bank panel is accepted?
- Is there a cost to revert back onto the Secure Trust Bank conveyancing panel?
- What are the consequences if our Secure Trust Bank panel reinstatement application is declined and our client has a mortgage offer with the Secure Trust Bank?
- 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 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.