Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated
- 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.
- Persistent 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 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.
- Failure to reapply to be on the State Bank of India UK convincing panel
- Breaches of State Bank of India UK conveyancing panel Terms and Conditions
Questions State Bank of India UK panel reinstatement firms ask us
- Does my practice need to apply annually to be reinstated on the State Bank of India UK conveyancing panel?
- Is there a charge to be reinstated onto the State Bank of India UK conveyancing panel?
- How do I discover why our application for reinstatement is turned down?
- Can we act for State Bank of India UK while the application for reinstatement on the State Bank of India UK panel is being processed? How do I know if our reinstatement application to the State Bank of India UK panel is approved?
- Does the COLP in my firm need to complete 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 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.