Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Secure Trust Bank conveyancing panel
- Missing deadline to reapply to remain on the Secure Trust Bank convincing panel
- Significant non-compliance with post completion requirements set by Secure Trust Bank
- Non-compliance with the Secure Trust Bank panel terms, 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 adopt.
- 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.
How can we assist? Secure Trust Bank panel reinstatement questions
- Does my practice need to apply annually to remain on the Secure Trust Bank conveyancing panel?
- What will happen if our Secure Trust Bank panel reinstatement application is refused and the client of the firm has a mortgage offer with the Secure Trust Bank?
- What times frames are involved when applying to revert back onto the Secure Trust Bank conveyancing panel?
- What are our options if our reinstatement panel submission with Secure Trust Bank is turned down?
- Is there a limit to the amount of occasions my firm can submit applications 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.