Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated

  • Failure to act in accordance 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 adopt.
  • Breaches of State Bank of India UK conveyancing panel Terms and Conditions
  • Your law firm fails to meet the criteria to remain on the State Bank of India UK conveyancing panel
  • Recurring delays in 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 provides false answers in its application form or in relation to any future requests for information.

Frequently asked questions concerning State Bank of India UK panel reinstatement

  • Does the COLP in my firm need to sign the reinstatement application to the State Bank of India UK panel ?
  • To what extent is my firm permanently excluded if our reinstatement panel application with State Bank of India UK is refused?
  • Is there a fee to be reinstated onto the State Bank of India UK conveyancing panel?
  • Is there a limit to the amount of occasions my practice can submit applications to get back on the State Bank of India UK conveyancing panel?
  • Can we appeal if my firm’s application for reinstatement is declined?

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.

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