Removal from the Tandem Bank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Tandem Bank convincing panel
- Persistent delays in registering a charge 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.
- Failure to act in accordance with the Tandem Bank panel terms, 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 subscribe.
- Breaches of Tandem Bank conveyancing panel requirements
- Tandem Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Questions Tandem Bank panel reinstatement firms ask us
- Does the COLP in my firm need to complete the reinstatement application to the Tandem Bank panel ?
- Do any avenues remain open if our reinstatement panel submission with Tandem Bank is turned down?
- Is there a cost to revert back onto the Tandem Bank conveyancing panel?
- Can we act for Tandem Bank while the application for reinstatement on the Tandem Bank panel is being processed? How do I find out if our reinstatement application to the Tandem Bank panel is accepted?
- What are the consequences if our Tandem Bank panel reinstatement application is refused and our client has a mortgage application 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.