Removal from the Intelligent Finance and other lender panels: Why they do it and how to get reinstated
- Intelligent Finance may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your law firm fails to meet the criteria to remain on the Intelligent Finance conveyancing panel
- Non-compliance with the Intelligent Finance panel requirements, the written instructions that Intelligent Finance give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Intelligent Finance may subsequently adopt.
- Recurring delays in registering security on behalf of Intelligent Finance Delays or failure to register the Intelligent Finance charge may result in referral to external lawyers of Intelligent Finance to complete outstanding requirements.
- Significant non-compliance with post completion requirements set by Intelligent Finance
Top questions concerning Intelligent Finance panel reinstatement
- What times frames are involved when applying to revert back onto the Intelligent Finance conveyancing panel?
- What is the application procedures to be reinstated onto the Intelligent Finance conveyancing panel?
- What are our options if our reinstatement panel application with Intelligent Finance is rejected?
- Is there a fee to revert back onto the Intelligent Finance conveyancing panel?
- Is there a limit to the number of occasions my practice can submit applications to get back on the Intelligent Finance conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Intelligent Finance panel reinstatement is to ensure that your firm is not removed off of the Intelligent Finance 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 Intelligent Finance conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Intelligent Finance 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 Intelligent Finance conveyancing panel.