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

  • Missing deadline to reapply to be on the Lloyds convincing panel
  • 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 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.
  • Significant delays in post completion requirements set by Lloyds
  • Non-compliance with the Lloyds panel terms, the written instructions that Lloyds provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Lloyds may subsequently adopt.

Lloyds panel reinstatement: Five Common Questions

  • Is it the practice manager who is required to sign the reinstatement application to the Lloyds panel ?
  • What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
  • Is it possible to find out our application for reinstatement was rejected?
  • Am I restricted as to the amount of occasions my law firm can submit applications to be reinstated on the Lloyds conveyancing panel?
  • What are the consequences if our Lloyds panel reinstatement application is refused and our client 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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