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

  • Non-compliance 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.
  • Your law firm fails to meet the criteria to remain on the Lloyds conveyancing 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.
  • Recurring 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.
  • Missing deadline to reapply to be on the Lloyds convincing panel

Common questions about Lloyds conveyancing panel reinstatement

  • Is there a charge to be reinstated onto the Lloyds conveyancing panel?
  • Can we appeal if my firm’s application for reinstatement is declined?
  • Can we act for Lloyds while the appeal for reinstatement on the Lloyds panel is being progressed? How do I find out if our reinstatement appeal to the Lloyds panel is accepted?
  • What will happen if our Lloyds panel reinstatement application is rejected and our client has a mortgage offer with the Lloyds?
  • Is there a limit to the number of times my law firm can apply to get back 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.

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