Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Breaches of First Direct conveyancing panel Terms and Conditions
- Failure to act in accordance with the First Direct panel terms, the written instructions that First Direct provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which First Direct may subsequently adopt.
- Persistent delays in post completion requirements set by First Direct
- Missing deadline to reapply to be on the First Direct convincing panel
First Direct panel reinstatement : questions that we get asked
- Is there a charge to be reinstated onto the First Direct conveyancing panel?
- What times frames are involved when applying to be reinstated onto the First Direct conveyancing panel?
- What will happen if our First Direct panel reinstatement application is refused and our client has a mortgage offer with the First Direct?
- Can you outline the application process to revert back onto the First Direct conveyancing panel?
- Am I restricted as to the amount of times my firm can apply to get back 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 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.