Removal from the Vernon BS and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Vernon BS panel terms, the written instructions that Vernon BS give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Vernon BS may subsequently adopt.
- Your law firm fails to meet the criteria to remain on the Vernon BS conveyancing panel
- Recurring delays in post completion requirements on behalf of Vernon BS
- Missing deadline to reapply to be on the Vernon BS convincing panel
- Persistent delays in registering security on behalf of Vernon BS Delays or failure to register the Vernon BS charge may result in referral to external lawyers of Vernon BS to complete outstanding requirements.
Vernon BS panel reinstatement : You have questions, we have answers
- How do I discover why our application for reinstatement is rejected?
- How often will this firm be required to re-apply to remain on the Vernon BS conveyancing panel?
- Can we act for Vernon BS while the application for reinstatement on the Vernon BS panel is being processed? How do I discover if our reinstatement application to the Vernon BS panel is approved?
- Please can you set out the application protocol to revert back onto the Vernon BS conveyancing panel?
- Is there a cost to revert back onto the Vernon BS conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Vernon BS panel reinstatement is to ensure that your firm is not removed off of the Vernon BS 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 Vernon BS conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Vernon BS 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 Vernon BS conveyancing panel.