Removal from the Tandem Bank and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Tandem Bank conveyancing panel
- Tandem Bank 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 Tandem Bank panel requirements, the written instructions that Tandem Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Tandem Bank may subsequently adopt.
- Persistent delays in post completion requirements on behalf of Tandem Bank
- Breaches of Tandem Bank conveyancing panel Terms and Conditions
Top questions concerning Tandem Bank panel reinstatement
- Can we act for Tandem Bank while the application for reinstatement on the Tandem Bank panel is being assessed? How do I discover if our reinstatement appeal to the Tandem Bank panel is approved?
- Is there a limit to the number of times my firm can submit applications to be reinstated on the Tandem Bank conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is turned down?
- What will happen if our Tandem Bank panel reinstatement application is turned down and our client has a mortgage application with the Tandem Bank?
- Is there a charge to revert back onto the Tandem Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Tandem Bank panel reinstatement is to ensure that your firm is not removed off of the Tandem Bank 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 Tandem Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Tandem Bank 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 Tandem Bank conveyancing panel.