Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Lloyds conveyancing panel
- Significant delays in post completion requirements set by Lloyds
- Breaches of Lloyds conveyancing panel Terms and Conditions
- Failure to reapply to remain on the Lloyds convincing 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.
Questions Lloyds panel reinstatement firms ask us
- Is there a fee to revert back onto the Lloyds conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is rejected?
- How often will this firm be required to re-apply to remain on the Lloyds conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Lloyds panel ?
- What happens if our Lloyds panel reinstatement application is refused and our client has a mortgage application with the Lloyds?
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.