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 Terms and Conditions
- Persistent 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.
- Persistent non-compliance with post completion requirements set by State Bank of India UK
- 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.
- 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.
State Bank of India UK panel reinstatement: Five Common Questions
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the State Bank of India UK conveyancing panel?
- Does my practice need to apply annually to be reinstated on the State Bank of India UK conveyancing panel?
- Is there a fee to revert back onto the State Bank of India UK conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the State Bank of India UK panel ?
- What times frames are involved when applying to revert back 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 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.