Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Secure Trust Bank conveyancing 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.
- 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.
- Failure to reapply to remain on the Secure Trust Bank convincing panel
- Significant non-compliance with post completion requirements set by Secure Trust Bank
Frequently asked questions concerning Secure Trust Bank panel reinstatement
- Are you able to explain why our application for reinstatement is refused?
- How often will this firm be required to re-apply to remain on the Secure Trust Bank conveyancing panel?
- What are our options if our reinstatement panel application with Secure Trust Bank is rejected?
- Can you outline the application process to be reinstated onto the Secure Trust Bank conveyancing panel?
- Who should complete 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 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.