Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the First Direct conveyancing panel
- Missing deadline to reapply to remain on the First Direct convincing panel
- Breaches of First Direct conveyancing panel Terms and Conditions
- 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.
- Persistent delays in post completion requirements on behalf of First Direct
FAQs : First Direct Conveyancing panel reinstatement
- Is there a limit to the amount of times my practice can submit applications to be reinstated on the First Direct conveyancing panel?
- What happens if our First Direct panel reinstatement application is refused and our client has a mortgage offer with the First Direct?
- Are you able to explain why this practice’s application for reinstatement is declined?
- Can you outline the application procedures to revert back onto the First Direct conveyancing panel?
- How often will this firm be required to re-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 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.