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
- First Direct may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Breaches of First Direct conveyancing panel requirements
- Persistent delays in post completion requirements on behalf of First Direct
- Recurring 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 happens if our First Direct panel reinstatement application is refused and the client of the firm has a mortgage application with the First Direct?
- What are our options if our reinstatement panel application with First Direct is turned down?
- Does my practice need to apply annually to remain on the First Direct conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was rejected?
- Can we act for First Direct while the application for reinstatement on the First Direct panel is being assessed? How do I find out if our reinstatement application to the First Direct panel is approved?
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.