Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Breaches of Lloyds conveyancing panel Terms and Conditions
- Failure to act in accordance 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 subscribe.
- 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.
- Your practice no longer meets the criteria to remain on the Lloyds conveyancing panel
- Significant non-compliance with post completion requirements set by Lloyds
Answers to Frequently asked questions concerning Lloyds panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel application with Lloyds is declined?
- What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
- Please can you set out the application protocol to be reinstated onto the Lloyds conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Lloyds conveyancing panel?
- Is there a fee to be reinstated 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.