Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Missing deadline to reapply to be on the State Bank of India UK convincing panel
- Your firm fails to meet the criteria to remain on the State Bank of India UK conveyancing panel
- State Bank of India UK 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.
- Breaches of State Bank of India UK conveyancing panel requirements
Frequently asked questions concerning State Bank of India UK panel reinstatement
- What are our options if our reinstatement panel application with State Bank of India UK is turned down?
- What will happen if our State Bank of India UK panel reinstatement application is declined and our client has a mortgage application with the State Bank of India UK?
- Does my practice need to apply annually to be reinstated on the State Bank of India UK conveyancing panel?
- Is there a fee to be reinstated onto the State Bank of India UK conveyancing panel?
- Can we act for State Bank of India UK while the application for reinstatement on the State Bank of India UK panel is being reviewed? How do I discover if our reinstatement application to the State Bank of India UK panel is approved?
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 preferred 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.