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 firm fails to meet the criteria to remain on the Secure Trust Bank conveyancing panel
- 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.
- Recurring non-compliance with post completion requirements on behalf of Secure Trust Bank
- Secure Trust Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Top questions concerning Secure Trust Bank panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Secure Trust Bank is declined?
- What happens if our Secure Trust Bank panel reinstatement application is declined and our client has a mortgage application with the Secure Trust Bank?
- Does my practice need to apply annually to be reinstated on the Secure Trust Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Secure Trust Bank conveyancing panel?
- What is the application procedures to revert back onto 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.