Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated

  • Recurring delays in registering a charge 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.
  • Lloyds 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.
  • Your practice fails to meet the criteria to remain on the Lloyds conveyancing panel
  • Failure to act in accordance with the Lloyds panel terms, the written instructions that Lloyds give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Lloyds may subsequently subscribe.
  • Significant delays in post completion requirements set by Lloyds

Lloyds panel reinstatement : questions that we get asked

  • Can this firm act for Lloyds while the appeal for reinstatement on the Lloyds panel is being processed? How do I discover if our reinstatement appeal to the Lloyds panel is accepted?
  • Is it possible to find out this practice’s application for reinstatement is declined?
  • What happens if our Lloyds panel reinstatement application is rejected and our client has a mortgage application with the Lloyds?
  • Is there a fee to be reinstated onto the Lloyds conveyancing panel?
  • Is there a limit to the number of times my practice can submit applications to get back on 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.

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