Removal from the Landbay and other lender panels: Why they do it and how to get reinstated

  • Missing deadline to reapply to remain on the Landbay convincing panel
  • Your practice fails to meet the criteria to remain on the Landbay conveyancing panel
  • Failure to act in accordance with the Landbay panel terms, the written instructions that Landbay provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Landbay may subsequently adopt.
  • Breaches of Landbay conveyancing panel requirements
  • Persistent delays in registering a charge on behalf of Landbay Delays or failure to register the Landbay charge may result in referral to external lawyers of Landbay to complete outstanding requirements.

Landbay panel reinstatement : You have questions, we have answers

  • Do any avenues remain open if my firm’s reinstatement panel application with Landbay is refused?
  • Is there a charge to be reinstated onto the Landbay conveyancing panel?
  • What are the consequences if our Landbay panel reinstatement application is declined and our client has a mortgage offer with the Landbay?
  • Does the COLP in my firm need to sign the reinstatement application to the Landbay panel ?
  • Can we act for Landbay while the application for reinstatement on the Landbay panel is being reviewed? How do I discover if our reinstatement application to the Landbay panel is accepted?

Top Tip: The best way to avoid the hassle of seeking Landbay panel reinstatement is to ensure that your firm is not removed off of the Landbay 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 conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Landbay 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 conveyancing panel.

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