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.
- Recurring 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.
- Breaches of State Bank of India UK conveyancing panel requirements
- Failure to reapply to remain on the State Bank of India UK convincing panel
- Recurring non-compliance with post completion requirements set by State Bank of India UK
How can we assist? State Bank of India UK panel reinstatement questions
- What will happen if our State Bank of India UK panel reinstatement application is refused and the client of the firm has a mortgage application with the State Bank of India UK?
- Can we act for State Bank of India UK while the appeal for reinstatement on the State Bank of India UK panel is being progressed? How do I know if our reinstatement appeal to the State Bank of India UK panel is approved?
- Does my practice need to apply annually to be reinstated on the State Bank of India UK conveyancing panel?
- Is it possible to find out our application for reinstatement is refused?
- To what extent is my firm permanently excluded if our reinstatement panel application with State Bank of India UK is rejected?
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.