Removal from the TSB and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by TSB
- Failure to act in accordance with the TSB panel requirements, 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.
- Your firm fails to meet the criteria to remain on the TSB conveyancing panel
- Breaches of TSB conveyancing panel Terms and Conditions
- Failure to reapply to remain on the TSB convincing panel
Questions TSB panel reinstatement firms ask us
- Is it the practice manager who is required to sign the reinstatement application to the TSB panel ?
- What will happen if our TSB panel reinstatement application is declined and our client has a mortgage application with the TSB?
- Is there a charge 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?
- How long does the application process take when applying to revert back 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 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.