Removal from the Vernon BS and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Vernon BS convincing panel
- Significant delays in post completion requirements on behalf of Vernon BS
- Breaches of Vernon BS conveyancing panel requirements
- Vernon BS 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.
- Your law firm no longer meets the criteria to remain on the Vernon BS conveyancing panel
Vernon BS panel reinstatement : questions that we get asked
- What is the application procedures to revert back onto the Vernon BS conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Vernon BS conveyancing panel?
- Can we act for Vernon BS while the application for reinstatement on the Vernon BS panel is being assessed? How do I know if our reinstatement application to the Vernon BS panel is accepted?
- What happens if our Vernon BS panel reinstatement application is declined and our client has a mortgage offer with the Vernon BS?
- 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.