Removal from the Secure Trust Bank and other lender panels: Why they do it and how to get reinstated
- Persistent delays in post completion requirements set by 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.
- Failure to act in accordance 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.
- Missing deadline to reapply to be on the Secure Trust Bank convincing 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.
Secure Trust Bank Conveyancing Panel Reinstatement: Common Questions
- What are our options if my firm’s reinstatement panel application with Secure Trust Bank is refused?
- Who should sign the reinstatement application to the Secure Trust Bank panel ?
- What are the next steps open to me if our Secure Trust Bank panel reinstatement application is turned down and our client has a mortgage offer with the Secure Trust Bank?
- Is it possible to find out our application for reinstatement was refused?
- How often will this firm be required to re-apply to remain 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.