Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant non-compliance with post completion requirements set by TSB
- Your firm fails to meet the criteria to remain on the TSB conveyancing panel
- Persistent 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.
- Missing deadline to reapply to remain on the TSB convincing panel
Frequently asked questions concerning TSB panel reinstatement
- How often will this firm be required to re-apply to remain on the TSB conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is declined?
- Can we act for TSB while the appeal for reinstatement on the TSB panel is being processed? How do I know if our reinstatement appeal to the TSB panel is accepted?
- Do any avenues remain open if my firm’s reinstatement panel submission with TSB is declined?
- What are the consequences if our TSB panel reinstatement application is turned down and our client has a mortgage offer with the TSB?
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.