Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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 adopt.
- Significant 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.
- Failure to reapply to remain on the State Bank of India UK convincing panel
- Breaches of State Bank of India UK conveyancing panel Terms and Conditions
- Your firm fails to meet the criteria to remain on the State Bank of India UK conveyancing panel
FAQs : State Bank of India UK Conveyancing panel reinstatement
- Do any avenues remain open if my firm’s reinstatement panel application with State Bank of India UK is turned down?
- Is there a fee to be reinstated onto the State Bank of India UK conveyancing panel?
- What are the next steps open to me if our State Bank of India UK panel reinstatement application is declined and the client of the firm has a mortgage offer with the State Bank of India UK?
- Is it possible to find out this practice’s application for reinstatement is declined?
- Is it the practice manager who is required to sign the reinstatement application to the State Bank of India UK 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.