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
- Failure to reapply to be on the Secure Trust Bank convincing panel
- Significant delays in registering a charge 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.
- Non-compliance 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.
- 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.
Common queries about Secure Trust Bank conveyancing panel reinstatement
- What happens if our Secure Trust Bank panel reinstatement application is declined and our client has a mortgage offer with the Secure Trust Bank?
- Does the COLP in my firm need to sign the reinstatement application to the Secure Trust Bank panel ?
- Can we act for Secure Trust Bank while the appeal for reinstatement on the Secure Trust Bank panel is being progressed? How do I find out if our reinstatement appeal to the Secure Trust Bank panel is accepted?
- Is there a fee to revert back onto the Secure Trust Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated 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.