Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Secure Trust Bank conveyancing panel
- Non-compliance 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 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.
- 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.
- Persistent delays in post completion requirements set by Secure Trust Bank
Secure Trust Bank panel reinstatement: Five Common Questions
- Can we act for Secure Trust Bank while the application for reinstatement on the Secure Trust Bank panel is being processed? How do I know if our reinstatement appeal to the Secure Trust Bank panel is approved?
- Can you outline the application procedures to revert back onto the Secure Trust Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Secure Trust Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on the Secure Trust Bank conveyancing panel?
- What happens if our Secure Trust Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Secure Trust Bank?
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.