Removal from the Lloyds and other lender panels: Why they do it and how to get reinstated

  • 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 subscribe.
  • 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.
  • Recurring non-compliance with post completion requirements on behalf of Lloyds
  • Significant 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.
  • Missing deadline to reapply to remain on the Lloyds convincing panel

Lloyds Conveyancing Panel Reinstatement: Common Questions

  • Am I restricted as to the number of occasions my firm can apply to be reinstated on the Lloyds conveyancing panel?
  • Is there a charge to revert back onto the Lloyds conveyancing panel?
  • What happens if our Lloyds panel reinstatement application is refused and our client has a mortgage offer with the Lloyds?
  • Does my practice need to apply annually to be reinstated on the Lloyds conveyancing panel?
  • Please can you set out the application process 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 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.

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