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

  • Recurring delays in post completion requirements set by Lloyds
  • 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 adopt.
  • Missing deadline to reapply to be on the Lloyds convincing panel
  • 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.
  • Your law firm no longer meets the criteria to remain on the Lloyds conveyancing panel

FAQs : Lloyds Conveyancing panel reinstatement

  • What happens if our Lloyds panel reinstatement application is declined and the client of the firm has a mortgage offer with the Lloyds?
  • To what extent is my firm permanently excluded if our reinstatement panel application with Lloyds is turned down?
  • Can this firm act for Lloyds while the application for reinstatement on the Lloyds panel is being assessed? How do I find out if our reinstatement application to the Lloyds panel is accepted?
  • Is there a charge to revert back onto the Lloyds conveyancing panel?
  • Who should complete the reinstatement application to the Lloyds 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.

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