Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements on behalf of Lloyds
- Failure to reapply to be on the Lloyds convincing panel
- Significant 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.
- 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 practice fails to meet the criteria to remain on the Lloyds conveyancing panel
How can we assist? Lloyds panel reinstatement questions
- Am I restricted as to the amount of times my practice can apply to be reinstated on the Lloyds conveyancing panel?
- How long does the application process take when applying to revert back onto the Lloyds conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement was rejected?
- What are our options if my firm’s reinstatement panel submission with Lloyds is declined?
- How often will this firm be required to re-apply to remain 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.