Removal from the TSB and other lender panels: Why they do it and how to get reinstated

  • Failure to act in accordance with the TSB panel requirements, the written instructions that TSB provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which TSB may subsequently subscribe.
  • Failure to reapply to be on the TSB convincing panel
  • Breaches of TSB conveyancing panel requirements
  • TSB 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.
  • Your firm fails to meet the criteria to remain on the TSB conveyancing panel

TSB panel reinstatement : questions that we get asked

  • Does the COLP in my firm need to sign the reinstatement application to the TSB panel ?
  • Does my practice need to apply annually to remain on the TSB conveyancing panel?
  • Is there a limit to the amount of occasions my firm can apply to get back on the TSB conveyancing panel?
  • How long does the application process take when applying to revert back onto the TSB conveyancing panel?
  • Is there a charge to revert back onto the TSB conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking TSB panel reinstatement is to ensure that your firm is not removed off of the TSB 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 TSB conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to TSB 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 TSB conveyancing panel.

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