Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Lloyds conveyancing panel
- Significant 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.
- Breaches of Lloyds conveyancing panel requirements
- Persistent non-compliance with post completion requirements set by Lloyds
- 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.
Common questions about Lloyds conveyancing panel reinstatement
- Does my practice need to apply annually to be reinstated on the Lloyds conveyancing panel?
- Can we act for Lloyds while the appeal for reinstatement on the Lloyds panel is being processed? How do I know if our reinstatement application to the Lloyds panel is approved?
- Are you able to explain why this practice’s application for reinstatement was rejected?
- Is there a charge to be reinstated onto the Lloyds conveyancing panel?
- Am I restricted as to the amount of occasions my practice can submit applications 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 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.