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 remain 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.
  • Your practice no longer meets the criteria to remain on the State Bank of India UK conveyancing panel
  • Significant delays in post completion requirements on behalf of State Bank of India UK
  • 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.

State Bank of India UK panel reinstatement : questions that we get asked

  • 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 accepted?
  • Is there a charge to be reinstated 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?
  • What are the next steps open to me if our State Bank of India UK panel reinstatement application is turned down 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 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.

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