Removal from the Vernon BS and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Failure to act in accordance with the Vernon BS panel terms, the written instructions that Vernon BS provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Vernon BS may subsequently adopt.
- Your practice no longer meets the criteria to remain on the Vernon BS conveyancing panel
- 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.
- Breaches of Vernon BS conveyancing panel Terms and Conditions
Top questions concerning Vernon BS panel reinstatement
- How long does the application process take when applying to be reinstated onto the Vernon BS conveyancing panel?
- Is there a charge to revert back onto the Vernon BS conveyancing panel?
- Is there a limit to the amount of occasions my law firm can apply to be reinstated on the Vernon BS conveyancing panel?
- Can you outline the application protocol to be reinstated onto the Vernon BS conveyancing panel?
- Can this firm act for Vernon BS while the application for reinstatement on the Vernon BS panel is being processed? How do I find out if our reinstatement application to the Vernon BS panel is approved?
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.