Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Lloyds conveyancing panel Terms and Conditions
- 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.
- Missing deadline to reapply to remain on the Lloyds convincing panel
- Your firm no longer meets the criteria to remain on the Lloyds conveyancing panel
Lloyds panel reinstatement : questions that we get asked
- What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
- Is there a limit to the number of occasions my practice can submit applications to be reinstated on the Lloyds conveyancing panel?
- Is there a fee to be reinstated onto the Lloyds conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Lloyds is rejected?
- Can this firm act for Lloyds while the appeal for reinstatement on the Lloyds panel is being assessed? How do I find out if our reinstatement application to the Lloyds panel is accepted?
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.