Removal from the State Bank of India UK and other lender panels: Why they do it and how to get reinstated
- Breaches of State Bank of India UK conveyancing panel requirements
- Failure to act in accordance with the State Bank of India UK panel terms, 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.
- Missing deadline to reapply to remain on the State Bank of India UK convincing panel
- Significant non-compliance with post completion requirements on behalf of State Bank of India UK
- Your practice fails to meet the criteria to remain on the State Bank of India UK conveyancing panel
Frequently asked questions concerning State Bank of India UK panel reinstatement
- Who should complete the reinstatement application to the State Bank of India UK panel ?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with State Bank of India UK is declined?
- Am I restricted as to the number of times my firm can submit applications to be reinstated on the State Bank of India UK conveyancing panel?
- Does my practice need to apply annually to remain on the State Bank of India UK conveyancing panel?
- Are you able to explain why our application for reinstatement is refused?
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.