Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the TSB convincing panel
- 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 on behalf of TSB
- Breaches of TSB conveyancing panel 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.
FAQs : TSB Conveyancing panel reinstatement
- How often will this firm be required to re-apply to remain on the TSB conveyancing panel?
- What times frames are involved when applying to be reinstated onto the TSB conveyancing panel?
- Can this firm act for TSB while the application for reinstatement on the TSB panel is being processed? How do I know if our reinstatement application to the TSB panel is accepted?
- What are the consequences if our TSB panel reinstatement application is refused and the client of the firm has a mortgage offer with the TSB?
- Does the COLP in my firm need to sign the reinstatement application to the TSB 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.