Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the First Direct convincing panel
- Failure to act in accordance with the First Direct panel terms, the written instructions that First Direct give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which First Direct may subsequently subscribe.
- Recurring delays in post completion requirements set by First Direct
- Breaches of First Direct conveyancing panel requirements
- Your firm no longer meets the criteria to remain on the First Direct conveyancing panel
First Direct panel reinstatement: Five Common Questions
- What is the application process to revert back onto the First Direct conveyancing panel?
- Can this firm act for First Direct while the appeal for reinstatement on the First Direct panel is being processed? How do I discover if our reinstatement appeal to the First Direct panel is accepted?
- What happens if our First Direct panel reinstatement application is rejected and the client of the firm has a mortgage application with the First Direct?
- Is there a fee to be reinstated onto the First Direct conveyancing panel?
- How often will this firm be required to re-apply to remain 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.