Removal from the Better HomeOwnership and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Better HomeOwnership conveyancing panel
- Failure to reapply to remain on the Better HomeOwnership convincing panel
- Recurring delays in post completion requirements set by Better HomeOwnership
- Better HomeOwnership 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.
- Non-compliance with the Better HomeOwnership panel terms, the written instructions that Better HomeOwnership give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Better HomeOwnership may subsequently subscribe.
Better HomeOwnership panel reinstatement : You have questions, we have answers
- Does my practice need to apply annually to remain on the Better HomeOwnership conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Better HomeOwnership panel ?
- Is there a charge to be reinstated onto the Better HomeOwnership conveyancing panel?
- Am I restricted as to the number of times my firm can submit applications to be reinstated on the Better HomeOwnership conveyancing panel?
- How long does the application process take when applying to revert back onto the Better HomeOwnership conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Better HomeOwnership panel reinstatement is to ensure that your firm is not removed off of the Better HomeOwnership 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 Better HomeOwnership conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Better HomeOwnership 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 Better HomeOwnership conveyancing panel.