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

  • Persistent delays in post completion requirements set by Lloyds
  • Failure to act in accordance with the Lloyds panel requirements, 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 adopt.
  • Your firm fails to meet the criteria to remain on the Lloyds conveyancing panel
  • Failure to reapply to be on the Lloyds convincing panel
  • 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.

Answers to Frequently asked questions concerning Lloyds panel reinstatement

  • Who should sign the reinstatement application to the Lloyds panel ?
  • Is there a charge to revert back onto the Lloyds conveyancing panel?
  • What happens if our Lloyds panel reinstatement application is turned down and our client has a mortgage application with the Lloyds?
  • What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
  • Do any avenues remain open if our reinstatement panel submission with Lloyds is declined?

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.

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