Removal from the First Direct and other lender panels: Why they do it and how to get reinstated
- 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.
- 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.
- Your law firm no longer meets the criteria to remain on the First Direct conveyancing panel
- Failure to reapply to be on the First Direct convincing panel
- Breaches of First Direct conveyancing panel requirements
FAQs : First Direct Conveyancing panel reinstatement
- Is it possible to find out this practice’s application for reinstatement was turned down?
- Can this firm act for First Direct while the application for reinstatement on the First Direct panel is being reviewed? How do I find out if our reinstatement application to the First Direct panel is accepted?
- Is there a limit to the amount of occasions my law firm can apply to be reinstated on the First Direct conveyancing panel?
- What is the application process to revert back 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.