Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Secure Trust Bank conveyancing panel Terms and Conditions
- Your practice fails to meet the criteria to remain on the Secure Trust Bank conveyancing panel
- Failure to reapply to remain on the Secure Trust Bank convincing 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.
- Failure to act in accordance with the Secure Trust Bank panel requirements, the written instructions that Secure Trust Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Secure Trust Bank may subsequently subscribe.
Common questions about Secure Trust Bank conveyancing panel reinstatement
- What are the consequences if our Secure Trust Bank panel reinstatement application is turned down and our client has a mortgage application with the Secure Trust Bank?
- Does my practice need to apply annually to remain on the Secure Trust Bank conveyancing panel?
- Is there a fee to revert back onto the Secure Trust Bank conveyancing panel?
- Is there a limit to the number of times my law firm can apply to get back on the Secure Trust Bank conveyancing panel?
- 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 discover if our reinstatement appeal to the Secure Trust Bank panel is approved?
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.