Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Breaches of TSB conveyancing panel Terms and Conditions
- Your practice fails to meet the criteria to remain on the TSB conveyancing panel
- Missing deadline to reapply to be on the TSB convincing panel
- 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.
- 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.
TSB panel reinstatement: Five Common Questions
- How often will this firm be required to re-apply to remain on the TSB conveyancing panel?
- What will happen if our TSB panel reinstatement application is declined and the client of the firm has a mortgage offer with the TSB?
- Does the COLP in my firm need to complete the reinstatement application to the TSB panel ?
- Is the door firmly shut if my firm’s reinstatement panel submission with TSB is rejected?
- How long does the application process take when applying to be reinstated onto 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.