Removal from the TSB and other lender panels: Why they do it and how to get reinstated

  • Breaches of TSB conveyancing panel requirements
  • Missing deadline to reapply to remain on the TSB convincing panel
  • 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.
  • Your law firm fails to meet the criteria to remain on the TSB conveyancing panel
  • 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.

Common queries about TSB conveyancing panel reinstatement

  • What happens if our TSB panel reinstatement application is turned down and the client of the firm has a mortgage application with the TSB?
  • Am I restricted as to the number of times my firm can submit applications to be reinstated on the TSB conveyancing panel?
  • Are you able to explain why this practice’s application for reinstatement is declined?
  • Can this firm act for TSB while the appeal for reinstatement on the TSB panel is being progressed? How do I find out if our reinstatement appeal to the TSB panel is accepted?
  • Is it the practice manager who is required 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 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.

Related Pages