Removal from the Tandem Bank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Tandem Bank panel requirements, the written instructions that Tandem Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Tandem Bank may subsequently subscribe.
- Significant delays in post completion requirements on behalf of Tandem Bank
- 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.
- Recurring delays in registering security on behalf of Tandem Bank Delays or failure to register the Tandem Bank charge may result in referral to external lawyers of Tandem Bank to complete outstanding requirements.
- Your practice fails to meet the criteria to remain on the Tandem Bank conveyancing panel
Answers to Frequently asked questions concerning Tandem Bank panel reinstatement
- Is there a cost to be reinstated onto the Tandem Bank conveyancing panel?
- Is there a limit to the number of occasions my law firm can apply to get back on the Tandem Bank conveyancing panel?
- What is the application protocol to revert back onto the Tandem Bank conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Tandem Bank conveyancing panel?
- What will happen if our Tandem Bank panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Tandem Bank?
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 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 Tandem Bank conveyancing panel.