Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Significant 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 requirements, the written instructions that TSB give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which TSB may subsequently subscribe.
- Breaches of TSB conveyancing panel requirements
- Failure to reapply to be on the TSB convincing panel
- TSB 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.
Answers to Frequently asked questions concerning TSB panel reinstatement
- Can we act for TSB while the application for reinstatement on the TSB panel is being processed? How do I discover if our reinstatement application to the TSB panel is accepted?
- What happens if our TSB panel reinstatement application is declined and our client has a mortgage application with the TSB?
- Please can you set out the application protocol to be reinstated onto the TSB conveyancing panel?
- Is there a cost to be reinstated onto the TSB conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on 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.