Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Lloyds conveyancing panel
- Failure to reapply to be on the Lloyds convincing panel
- Failure to act in accordance 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.
- Breaches of Lloyds conveyancing panel requirements
- Significant non-compliance with post completion requirements on behalf of Lloyds
How can we assist? Lloyds panel reinstatement questions
- Are you able to explain why my firm’s application for reinstatement was refused?
- Does the COLP in my firm need to complete the reinstatement application to the Lloyds panel ?
- What are the next steps open to me if our Lloyds panel reinstatement application is declined and the client of the firm has a mortgage application with the Lloyds?
- Am I restricted as to the amount of occasions my law firm can apply to get back on the Lloyds conveyancing panel?
- What times frames are involved when applying 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.