Removal from the Landbay Partners and other lender panels: Why they do it and how to get reinstated
- Landbay Partners 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.
- Recurring delays in registering security on behalf of Landbay Partners Delays or failure to register the Landbay Partners charge may result in referral to external lawyers of Landbay Partners to complete outstanding requirements.
- Breaches of Landbay Partners conveyancing panel Terms and Conditions
- Failure to act in accordance with the Landbay Partners panel terms, the written instructions that Landbay Partners give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Landbay Partners may subsequently subscribe.
- Your law firm fails to meet the criteria to remain on the Landbay Partners conveyancing panel
Landbay Partners panel reinstatement : You have questions, we have answers
- Can this firm act for Landbay Partners while the application for reinstatement on the Landbay Partners panel is being assessed? How do I discover if our reinstatement application to the Landbay Partners panel is accepted?
- What happens if our Landbay Partners panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Landbay Partners?
- How long does the application process take when applying to revert back onto the Landbay Partners conveyancing panel?
- How often will this firm be required to re-apply to remain on the Landbay Partners conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Landbay Partners panel ?
Top Tip: The best way to avoid the hassle of seeking Landbay Partners panel reinstatement is to ensure that your firm is not removed off of the Landbay Partners 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 Landbay Partners conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Landbay Partners 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 Landbay Partners conveyancing panel.