Removal from the Intelligent Finance and other lender panels: Why they do it and how to get reinstated

  • Recurring non-compliance with post completion requirements on behalf of Intelligent Finance
  • Intelligent Finance 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 Intelligent Finance conveyancing panel requirements
  • Failure to act in accordance with the Intelligent Finance panel terms, the written instructions that Intelligent Finance provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Intelligent Finance may subsequently subscribe.
  • Significant delays in registering a charge 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.

Top questions concerning Intelligent Finance panel reinstatement

  • Do any avenues remain open if my firm’s reinstatement panel submission with Intelligent Finance is refused?
  • How often will this firm be required to re-apply to remain on the Intelligent Finance conveyancing panel?
  • What happens if our Intelligent Finance panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Intelligent Finance?
  • Are you able to explain why our application for reinstatement is turned down?
  • Is it the practice manager who is required to sign the reinstatement application to the Intelligent Finance 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 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 Intelligent Finance conveyancing panel.

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