There are many possible explanations why a practice might be removed from the TSB conveyancing panel. Here are a few:
Non-compliance 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 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.
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.
Significant non-compliance with post completion requirements on behalf of TSB
How can we assist? TSB panel reinstatement questions
Does my practice need to apply annually to be reinstated on the TSB conveyancing panel?
What times frames are involved when applying to revert back onto the TSB conveyancing panel?
Who should sign the reinstatement application to the TSB panel ?
Is the door firmly shut if my firm’s reinstatement panel application with TSB is refused?
Am I restricted as to the amount of times my practice can submit applications 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 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.