Removal from the Tandem Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Tandem Bank conveyancing panel Terms and Conditions
- Recurring non-compliance with post completion requirements on behalf of Tandem Bank
- Missing deadline to reapply to be on the Tandem Bank convincing panel
- Failure to act in accordance with the Tandem Bank panel terms, 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 adopt.
Frequently asked questions concerning Tandem Bank panel reinstatement
- What is the application procedures to be reinstated onto the Tandem Bank conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Tandem Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Tandem Bank panel ?
- How often will this firm be required to re-apply to be reinstated on the Tandem Bank conveyancing panel?
- Am I restricted as to the amount of occasions my law firm can submit applications to be reinstated on 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.