Removal from the Barclays plc and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Barclays plc conveyancing panel
- Significant delays in post completion requirements on behalf of Barclays plc
- Non-compliance with the Barclays plc panel terms, the written instructions that Barclays plc give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Barclays plc may subsequently adopt.
- Breaches of Barclays plc conveyancing panel requirements
- Recurring delays in registering a charge on behalf of Barclays plc Delays or failure to register the Barclays plc charge may result in referral to external lawyers of Barclays plc to complete outstanding requirements.
Top questions concerning Barclays plc panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel submission with Barclays plc is rejected?
- What is the application process to revert back onto the Barclays plc conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Barclays plc panel ?
- How do I discover why my firm’s application for reinstatement is declined?
- What happens if our Barclays plc panel reinstatement application is rejected and our client has a mortgage offer with the Barclays plc?
Top Tip: The best way to avoid the hassle of seeking Barclays plc panel reinstatement is to ensure that your firm is not removed off of the Barclays plc 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 Barclays plc conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Barclays plc 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 Barclays plc conveyancing panel.