Removal from the Britannia and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge on behalf of Britannia Delays or failure to register the Britannia charge may result in referral to external lawyers of Britannia to complete outstanding requirements.
- Breaches of Britannia conveyancing panel Terms and Conditions
- Britannia 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.
- Failure to act in accordance with the Britannia panel terms, the written instructions that Britannia give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Britannia may subsequently adopt.
- Your firm fails to meet the criteria to remain on the Britannia conveyancing panel
Top questions concerning Britannia panel reinstatement
- Do any avenues remain open if my firm’s reinstatement panel submission with Britannia is turned down?
- Does my practice need to apply annually to remain on the Britannia conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Britannia panel ?
- Am I restricted as to the amount of occasions my firm can apply to be reinstated on the Britannia conveyancing panel?
- Is there a fee to be reinstated onto the Britannia conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Britannia panel reinstatement is to ensure that your firm is not removed off of the Britannia 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 Britannia conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Britannia 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 Britannia conveyancing panel.