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.
  • Missing deadline to reapply to remain on the Lloyds convincing panel
  • Breaches of Lloyds conveyancing panel requirements
  • Persistent delays in post completion requirements on behalf of Lloyds
  • Lloyds may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.

Questions Lloyds panel reinstatement firms ask us

  • Am I restricted as to the amount of times my practice can apply to get back on the Lloyds conveyancing panel?
  • Can this firm act for Lloyds while the appeal for reinstatement on the Lloyds panel is being processed? How do I find out if our reinstatement application to the Lloyds panel is accepted?
  • What times frames are involved when applying to revert back onto the Lloyds conveyancing panel?
  • Is there a fee to be reinstated onto the Lloyds conveyancing panel?
  • Can you outline the application procedures to revert back onto 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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