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 Terms and Conditions
  • 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.
  • Non-compliance with the State Bank of India UK panel requirements, the written instructions that State Bank of India UK give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which State Bank of India UK may subsequently subscribe.
  • Missing deadline to reapply to remain on the State Bank of India UK convincing panel
  • Your firm fails to meet the criteria to remain on the State Bank of India UK conveyancing panel

Answers to Frequently asked questions concerning State Bank of India UK panel reinstatement

  • Are you able to explain why our application for reinstatement is rejected?
  • How long does the application process take when applying to revert back onto the State Bank of India UK conveyancing panel?
  • Can you outline the application process to be reinstated onto the State Bank of India UK conveyancing panel?
  • Is there a cost to be reinstated onto the State Bank of India UK conveyancing panel?
  • How often will this firm be required to re-apply to remain on the State Bank of India UK conveyancing 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 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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