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.
  • Recurring delays in post completion requirements set by First Direct
  • Failure to reapply to be on the First Direct convincing panel
  • Persistent 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.
  • Your practice fails to meet the criteria to remain on the First Direct conveyancing panel

First Direct panel reinstatement : You have questions, we have answers

  • Who should complete the reinstatement application to the First Direct panel ?
  • What happens if our First Direct panel reinstatement application is declined and the client of the firm has a mortgage offer with the First Direct?
  • Can we appeal if this practice’s application for reinstatement was rejected?
  • What times frames are involved when applying to revert back onto the First Direct conveyancing panel?
  • What is the application process to be reinstated onto 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.

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