Has your firm been removed from the Lloyds property lawyer panel?

Top reasons law firms require reinstatement onto the Lloyds conveyancing panel

  1. 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.
  2. Your firm no longer meets the criteria to remain on the Lloyds conveyancing panel
  3. Recurring non-compliance with post completion requirements on behalf of Lloyds
  4. Recurring delays in registering security 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.
  5. Breaches of Lloyds conveyancing panel Terms and Conditions

Common queries about Lloyds conveyancing panel reinstatement

  1. What will happen if our Lloyds panel reinstatement application is refused and the client of the firm has a mortgage offer with the Lloyds?
  2. What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
  3. Who should complete the reinstatement application to the Lloyds panel ?
  4. Does my practice need to apply annually to be reinstated on the Lloyds conveyancing panel?
  5. Can this firm act for Lloyds while the application for reinstatement on the Lloyds panel is being progressed? How do I find out if our reinstatement appeal to the Lloyds panel is approved?

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.