Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Breaches of TSB conveyancing panel Terms and Conditions
- 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.
- Recurring non-compliance with post completion requirements set by TSB
- Recurring delays in registering a charge on behalf of TSB Delays or failure to register the TSB charge may result in referral to external lawyers of TSB to complete outstanding requirements.
- Missing deadline to reapply to be on the TSB convincing panel
Frequently asked questions concerning TSB panel reinstatement
- Is there a fee to revert back onto the TSB conveyancing panel?
- What are the consequences if our TSB panel reinstatement application is rejected and the client of the firm has a mortgage offer with the TSB?
- Can this firm act for TSB while the application for reinstatement on the TSB panel is being processed? How do I find out if our reinstatement application to the TSB panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the TSB panel ?
- Is the door firmly shut if our reinstatement panel submission with TSB is turned down?
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.