Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Breaches of Lloyds conveyancing panel requirements
- Non-compliance with the Lloyds panel requirements, the written instructions that Lloyds provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Lloyds may subsequently adopt.
- 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.
- Your law firm no longer meets the criteria to remain on the Lloyds conveyancing panel
- Missing deadline to reapply to remain on the Lloyds convincing panel
Lloyds panel reinstatement : questions that we get asked
- Is it the practice manager who is required to complete the reinstatement application to the Lloyds panel ?
- Can we act for Lloyds while the application for reinstatement on the Lloyds panel is being processed? How do I discover if our reinstatement application to the Lloyds panel is accepted?
- What times frames are involved when applying to be reinstated onto the Lloyds conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with Lloyds is rejected?
- What will happen if our Lloyds panel reinstatement application is refused and our client has a mortgage application with the Lloyds?
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 appointed 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.