Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- Breaches of First Direct conveyancing panel requirements
- 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.
- Your firm no longer meets the criteria to remain on the First Direct conveyancing panel
- Missing deadline to reapply to be on the First Direct convincing panel
- Significant delays in registering a charge 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.
First Direct panel reinstatement : You have questions, we have answers
- What will happen if our First Direct panel reinstatement application is declined and the client of the firm has a mortgage offer with the First Direct?
- How do I discover why this practice’s application for reinstatement was declined?
- Please can you set out the application protocol to revert back onto the First Direct conveyancing panel?
- Am I restricted as to the number of occasions my firm can submit applications to be reinstated on the First Direct conveyancing panel?
- How long does the application process take when applying to be reinstated onto 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.