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

  • Persistent 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.
  • 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
  • Your law firm fails to meet the criteria to remain on the Lloyds conveyancing panel
  • Missing deadline to reapply to be on the Lloyds convincing panel

Lloyds panel reinstatement : questions that we get asked

  • Who should sign the reinstatement application to the Lloyds panel ?
  • What is the application protocol to revert back onto the Lloyds conveyancing panel?
  • Am I restricted as to the amount of times my practice can apply to get back on the Lloyds conveyancing panel?
  • What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
  • How often will this firm be required to re-apply to remain 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 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.

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