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.
- Breaches of State Bank of India UK conveyancing panel Terms and Conditions
- Failure to reapply to be on the State Bank of India UK convincing panel
- Recurring 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.
- Your law firm fails to meet the criteria to remain on the State Bank of India UK conveyancing panel
State Bank of India UK panel reinstatement: Five Common Questions
- Is there a limit to the number of occasions my firm can apply to be reinstated on the State Bank of India UK conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the State Bank of India UK 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 be reinstated onto the State Bank of India UK conveyancing panel?
- What happens if our State Bank of India UK panel reinstatement application is refused and our client has a mortgage application with the State Bank of India UK?
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.