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
- Non-compliance with the State Bank of India UK panel requirements, 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.
- Recurring non-compliance with post completion requirements set by State Bank of India UK
- Failure to reapply to be on the State Bank of India UK convincing panel
- Your law 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
- Can this firm act for State Bank of India UK while the appeal for reinstatement on the State Bank of India UK panel is being assessed? How do I know if our reinstatement application to the State Bank of India UK panel is accepted?
- Is it possible to find out our application for reinstatement is refused?
- Can you outline the application procedures to be reinstated 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 offer with the State Bank of India UK?
- How long does the application process take when applying to be reinstated onto 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 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.