Removal from the Vernon BS and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Vernon BS panel requirements, 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 subscribe.
- Vernon BS 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.
- Recurring delays in post completion requirements set by Vernon BS
- Missing deadline to reapply to remain on the Vernon BS convincing panel
- Breaches of Vernon BS conveyancing panel requirements
Common questions about Vernon BS conveyancing panel reinstatement
- What times frames are involved when applying to revert back onto the Vernon BS conveyancing panel?
- Can we act for Vernon BS while the appeal for reinstatement on the Vernon BS panel is being reviewed? How do I know if our reinstatement application to the Vernon BS panel is accepted?
- Please can you set out the application procedures to revert back onto the Vernon BS conveyancing panel?
- Is there a limit to the number of times my practice can apply to be reinstated on the Vernon BS conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement was refused?
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 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 Vernon BS conveyancing panel.