Has your firm been removed off of the Lloyds conveyancing panel?

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

  1. Your practice no longer meets the criteria to remain on the Lloyds conveyancing panel
  2. Non-compliance with the Lloyds panel requirements, 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 adopt.
  3. Significant 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.
  4. Breaches of Lloyds conveyancing panel requirements
  5. Recurring non-compliance with post completion requirements on behalf of Lloyds

Frequently asked questions concerning Lloyds panel reinstatement

  1. Can we appeal if my firm’s application for reinstatement is turned down?
  2. Does my practice need to apply annually to be reinstated on the Lloyds conveyancing panel?
  3. Is there a charge to revert back onto the Lloyds conveyancing panel?
  4. What happens if our Lloyds panel reinstatement application is rejected and our client has a mortgage application with the Lloyds?
  5. What times frames are involved when applying to be reinstated 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.