Removal from the Tandem Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Tandem Bank conveyancing panel Terms and Conditions
- 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.
- Missing deadline to reapply to be on the Tandem Bank convincing panel
- Significant non-compliance with post completion requirements on behalf of Tandem Bank
Questions Tandem Bank panel reinstatement firms ask us
- What is the application procedures to revert back onto the Tandem Bank conveyancing panel?
- What are the next steps open to me if our Tandem Bank panel reinstatement application is refused and our client has a mortgage offer with the Tandem Bank?
- Does the COLP in my firm need to sign the reinstatement application to the Tandem Bank panel ?
- Does my practice need to apply annually to remain on the Tandem Bank conveyancing panel?
- Can we act for Tandem Bank while the application for reinstatement on the Tandem Bank panel is being reviewed? How do I discover if our reinstatement application to the Tandem Bank panel is approved?
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.