Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the TSB convincing panel
- Your firm fails to meet the criteria to remain on the TSB conveyancing panel
- Non-compliance with the TSB panel terms, 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 adopt.
- Breaches of TSB conveyancing panel requirements
- 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.
Top questions concerning TSB panel reinstatement
- Does my practice need to apply annually to be reinstated on 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 discover if our reinstatement application to the TSB panel is approved?
- Is there a limit to the amount of times my practice can apply to be reinstated on the TSB conveyancing panel?
- What are our options if our reinstatement panel submission with TSB is refused?
- What happens if our TSB panel reinstatement application is declined 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.