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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Recurring delays in post completion requirements on behalf of Lloyds
- Failure to reapply to remain on the Lloyds convincing panel
- Your firm no longer meets the criteria to remain on the Lloyds conveyancing panel
Lloyds Conveyancing Panel Reinstatement: Common Questions
- What are the consequences if our Lloyds panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Lloyds?
- Can we appeal if our application for reinstatement was declined?
- What times frames are involved when applying to be reinstated onto the Lloyds conveyancing panel?
- Who should sign the reinstatement application to the Lloyds panel ?
- Am I restricted as to the amount of times my practice can apply to be reinstated 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.