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
- Breaches of Lloyds conveyancing panel requirements
- Your practice fails to meet the criteria to remain on the Lloyds conveyancing panel
- Recurring delays in registering a charge 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Questions Lloyds panel reinstatement firms ask us
- Please can you set out the application process to be reinstated onto the Lloyds conveyancing panel?
- Is there a fee to be reinstated onto the Lloyds conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Lloyds conveyancing panel?
- Is there a limit to the amount of times my practice can submit applications to get back on the Lloyds conveyancing panel?
- Does my practice need to apply annually 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.