Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated
- Breaches of State Bank of India UK conveyancing panel requirements
- Your law firm no longer meets the criteria to remain on the State Bank of India UK conveyancing panel
- Missing deadline to reapply to be on the State Bank of India UK convincing panel
- Significant delays in registering security 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.
- Non-compliance with the State Bank of India UK panel requirements, the written instructions that State Bank of India UK provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which State Bank of India UK may subsequently subscribe.
Questions State Bank of India UK panel reinstatement firms ask us
- What times frames are involved when applying to revert back onto the State Bank of India UK conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with State Bank of India UK is refused?
- What happens if our State Bank of India UK panel reinstatement application is refused and our client has a mortgage offer with the State Bank of India UK?
- What is the application protocol to revert back onto the State Bank of India UK conveyancing panel?
- Is there a fee to be reinstated onto the State Bank of India UK conveyancing panel?
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.