Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the State Bank of India UK convincing panel
- State Bank of India UK 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.
- Your firm no longer meets the criteria to remain on the State Bank of India UK conveyancing panel
- Failure to act in accordance with the State Bank of India UK panel terms, the written instructions that State Bank of India UK give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which State Bank of India UK may subsequently subscribe.
- Recurring delays in registering a charge on behalf of State Bank of India UK Delays or failure to register the State Bank of India UK charge may result in referral to external lawyers of State Bank of India UK to complete outstanding requirements.
State Bank of India UK panel reinstatement : questions that we get asked
- Is there a limit to the amount of times my practice can submit applications to get back on the State Bank of India UK conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the State Bank of India UK panel ?
- Is there a charge to be reinstated onto the State Bank of India UK conveyancing panel?
- How do I discover why this practice’s application for reinstatement is rejected?
- What are the consequences if our State Bank of India UK panel reinstatement application is rejected and the client of the firm has a mortgage application with the State Bank of India UK?
Top Tip: The best way to avoid the hassle of seeking State Bank of India UK panel reinstatement is to ensure that your firm is not removed off of the State Bank of India UK 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 State Bank of India UK conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to State Bank of India UK 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 State Bank of India UK conveyancing panel.