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

  • Missing deadline to reapply to be on the State Bank of India UK convincing 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.
  • Significant 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.
  • Breaches of State Bank of India UK conveyancing panel Terms and Conditions
  • Significant delays in post completion requirements on behalf of State Bank of India UK

Top questions concerning State Bank of India UK panel reinstatement

  • Is it possible to find out our application for reinstatement is declined?
  • Please can you set out the application process to revert back onto 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?
  • What times frames are involved when applying to revert back onto the State Bank of India UK conveyancing panel?
  • Is there a limit to the number of times my practice can submit applications to be reinstated on 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.

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