Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Breaches of Lloyds conveyancing panel Terms and Conditions
- Failure to reapply to remain on the Lloyds convincing panel
- Lloyds may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Recurring delays in registering security on behalf of Lloyds Delays or failure to register the Lloyds charge may result in referral to external lawyers of Lloyds to complete outstanding requirements.
- Significant delays in post completion requirements on behalf of Lloyds
Common questions about Lloyds conveyancing panel reinstatement
- What are the next steps open to me if our Lloyds panel reinstatement application is refused and the client of the firm has a mortgage offer with the Lloyds?
- To what extent is my firm permanently excluded if our reinstatement panel application with Lloyds is refused?
- Is it the practice manager who is required to sign the reinstatement application to the Lloyds panel ?
- Is it possible to find out this practice’s application for reinstatement was refused?
- Can you outline the application procedures to revert back onto the Lloyds conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Lloyds panel reinstatement is to ensure that your firm is not removed off of the Lloyds 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 Lloyds conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Lloyds 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 Lloyds conveyancing panel.