Removal from the Barclays plc and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Barclays plc conveyancing panel
- Barclays plc 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 Barclays plc conveyancing panel requirements
- Recurring non-compliance with post completion requirements on behalf of Barclays plc
- Persistent delays in registering security 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.
Frequently asked questions concerning Barclays plc panel reinstatement
- Please can you set out the application protocol to be reinstated onto the Barclays plc conveyancing panel?
- Am I restricted as to the number of times my practice can submit applications to get back on the Barclays plc conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Barclays plc panel ?
- Can this firm act for Barclays plc while the application for reinstatement on the Barclays plc panel is being progressed? How do I know if our reinstatement application to the Barclays plc panel is accepted?
- What are the next steps open to me if our Barclays plc panel reinstatement application is rejected and the client of the firm has a mortgage application 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 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 Barclays plc conveyancing panel.