Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the First Direct convincing panel
- Your law firm fails to meet the criteria to remain on the First Direct conveyancing panel
- Failure to act in accordance with the First Direct panel requirements, the written instructions that First Direct give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which First Direct may subsequently adopt.
- Breaches of First Direct conveyancing panel requirements
- Significant non-compliance with post completion requirements on behalf of First Direct
Frequently asked questions concerning First Direct panel reinstatement
- Who should complete the reinstatement application to the First Direct panel ?
- Is there a limit to the amount of times my firm can apply to get back on the First Direct conveyancing panel?
- What will happen if our First Direct panel reinstatement application is turned down and the client of the firm has a mortgage application with the First Direct?
- Can we act for First Direct while the appeal for reinstatement on the First Direct panel is being progressed? How do I discover if our reinstatement appeal to the First Direct panel is approved?
- What are our options if our reinstatement panel submission with First Direct is turned down?
Top Tip: The best way to avoid the hassle of seeking First Direct panel reinstatement is to ensure that your firm is not removed off of the First Direct 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 First Direct conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to First Direct 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 First Direct conveyancing panel.