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
- Significant non-compliance with post completion requirements set by Lloyds
- Breaches of Lloyds conveyancing panel requirements
- 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.
- Non-compliance 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 panel reinstatement : questions that we get asked
- Is there a cost to revert back onto the Lloyds conveyancing panel?
- Are you able to explain why our application for reinstatement was refused?
- Is there a limit to the number of times my law firm can apply to be reinstated on the Lloyds conveyancing panel?
- Does my practice need to apply annually to remain on the Lloyds conveyancing panel?
- Can this firm act for Lloyds while the appeal for reinstatement on the Lloyds panel is being reviewed? How do I discover 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.