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

  • Significant non-compliance with post completion requirements on behalf of Lloyds
  • 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.
  • Breaches of Lloyds conveyancing panel requirements
  • Missing deadline to reapply to be on the Lloyds convincing 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 adopt.

Lloyds panel reinstatement: Five Common Questions

  • How do I discover why my firm’s application for reinstatement was refused?
  • Is there a fee to revert back onto the Lloyds conveyancing panel?
  • What happens if our Lloyds panel reinstatement application is refused and our client has a mortgage offer with the Lloyds?
  • Am I restricted as to the amount of occasions my practice can apply to get back on the Lloyds conveyancing panel?
  • Please can you set out 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.

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