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

  • Non-compliance with the First Direct panel terms, 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 subscribe.
  • Breaches of First Direct conveyancing panel requirements
  • Your law firm fails to meet the criteria to remain on the First Direct conveyancing panel
  • First Direct 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.
  • Missing deadline to reapply to be on the First Direct convincing panel

First Direct panel reinstatement: Five Common Questions

  • To what extent is my firm permanently excluded if our reinstatement panel submission with First Direct is rejected?
  • How often will this firm be required to re-apply to be reinstated on the First Direct conveyancing panel?
  • What will happen if our First Direct panel reinstatement application is rejected and our client has a mortgage application with the First Direct?
  • Is there a limit to the number of occasions my firm can submit applications to get back on the First Direct conveyancing panel?
  • Does the COLP in my firm need to sign the reinstatement application to the First Direct panel ?

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.

Related Pages