Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Lloyds convincing panel
- 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.
- Persistent non-compliance with post completion requirements on behalf of Lloyds
Questions Lloyds panel reinstatement firms ask us
- Is it the practice manager who is required to sign the reinstatement application to the Lloyds panel ?
- Do any avenues remain open if my firm’s reinstatement panel application with Lloyds is turned down?
- What is the application process to revert back onto the Lloyds conveyancing panel?
- What are the consequences if our Lloyds panel reinstatement application is rejected and our client has a mortgage application with the Lloyds?
- How do I discover why my firm’s application for reinstatement 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.