Removal from the Britannia and other lender panels: Why they do it and how to get reinstated
- Breaches of Britannia conveyancing panel requirements
- Failure to act in accordance with the Britannia panel requirements, the written instructions that Britannia provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Britannia may subsequently adopt.
- Recurring non-compliance with post completion requirements on behalf of Britannia
- Significant delays in registering security 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.
- Your law firm fails to meet the criteria to remain on the Britannia conveyancing panel
Britannia panel reinstatement : You have questions, we have answers
- Does my practice need to apply annually to be reinstated on the Britannia conveyancing panel?
- How do I discover why this practice’s application for reinstatement is declined?
- Can we act for Britannia while the appeal for reinstatement on the Britannia panel is being reviewed? How do I find out if our reinstatement application to the Britannia panel is accepted?
- What times frames are involved when applying to revert back onto the Britannia conveyancing panel?
- What happens if our Britannia panel reinstatement application is declined and our client has a mortgage application with the Britannia?
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.