Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security 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.
- Failure to act in accordance with the TSB panel terms, 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.
- Your law firm no longer meets the criteria to remain on the TSB conveyancing panel
- Recurring delays in post completion requirements set by TSB
- Breaches of TSB conveyancing panel Terms and Conditions
TSB Conveyancing Panel Reinstatement: Common Questions
- What times frames are involved when applying to be reinstated onto the TSB conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the TSB panel ?
- How often will this firm be required to re-apply to be reinstated on the TSB conveyancing panel?
- Please can you set out the application process to be reinstated onto the TSB conveyancing panel?
- Is the door firmly shut if my firm’s 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 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 TSB conveyancing panel.