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

  • 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.
  • Persistent delays in post completion requirements on behalf of Lloyds
  • Your practice fails to meet the criteria to remain on the Lloyds conveyancing panel
  • Breaches of Lloyds conveyancing panel Terms and Conditions
  • Missing deadline to reapply to be on the Lloyds convincing panel

Lloyds panel reinstatement : questions that we get asked

  • Is it the practice manager who is required to sign the reinstatement application to the Lloyds panel ?
  • Am I restricted as to the amount of occasions my practice can submit applications to get back on the Lloyds conveyancing panel?
  • How often will this firm be required to re-apply to remain on the Lloyds conveyancing panel?
  • To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Lloyds is turned down?
  • What will happen if our Lloyds panel reinstatement application is turned down and the client of the firm has a mortgage offer 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 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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