Has your law firm been removed off of the State Bank of India UK property lawyer panel?

There are a number of explanations why a law firm might be terminated from the State Bank of India UK conveyancing panel. Here are a few:

  1. 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.
  2. 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.
  3. 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.
  4. Breaches of State Bank of India UK conveyancing panel Terms and Conditions
  5. Failure to reapply to remain on the State Bank of India UK convincing panel

Top questions concerning State Bank of India UK panel reinstatement

  1. What are the next steps open to me if our State Bank of India UK panel reinstatement application is turned down and the client of the firm has a mortgage application with the State Bank of India UK?
  2. Can we act for State Bank of India UK while the application for reinstatement on the State Bank of India UK panel is being reviewed? How do I know if our reinstatement application to the State Bank of India UK panel is approved?
  3. Am I restricted as to the number of occasions my law firm can apply to get back on the State Bank of India UK conveyancing panel?
  4. Is there a charge to revert back onto the State Bank of India UK conveyancing panel?
  5. Do any avenues remain open if our reinstatement panel submission 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.