Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- Breaches of First Direct conveyancing panel Terms and Conditions
- Failure to reapply to remain on the First Direct convincing panel
- Your firm no longer meets the criteria to remain on the First Direct conveyancing panel
- Recurring delays in post completion requirements set by First Direct
- Recurring delays in registering security on behalf of First Direct Delays or failure to register the First Direct charge may result in referral to external lawyers of First Direct to complete outstanding requirements.
Common questions about First Direct conveyancing panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel submission with First Direct is rejected?
- Can you outline the application process to be reinstated onto the First Direct conveyancing panel?
- Is there a cost to be reinstated onto the First Direct conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is rejected?
- Am I restricted as to the number of occasions my law firm can apply to be reinstated on the First Direct conveyancing 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 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 First Direct conveyancing panel.