Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Lloyds convincing panel
- Breaches of Lloyds conveyancing panel Terms and Conditions
- Non-compliance 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.
- Significant delays in post completion requirements on behalf of Lloyds
- Your law firm fails to meet the criteria to remain on the Lloyds conveyancing panel
FAQs : Lloyds Conveyancing panel reinstatement
- Who should complete the reinstatement application to the Lloyds panel ?
- What are the consequences if our Lloyds panel reinstatement application is refused and the client of the firm has a mortgage offer with the Lloyds?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Lloyds is declined?
- Can we appeal if my firm’s application for reinstatement was declined?
- Is there a cost 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.